Lasting Powers of Attorney
We provide a range of Private Client Services including preparation and registration of Lasting Powers of Attorney.
Our team specialises in advising elderly clients and offers home visits to those who are unable to come to our offices.
Lasting Powers of Attorney
In the future, if you were to lose some or all of your mental capacity to manage your financial affairs and / or make informed decisions or communicate your wishes about your welfare, your family and friends cannot make decisions on your behalf unless you give them the right to do so.
This can be done by having a Lasting Power of Attorney (LPA) prepared now. You are never too young. The Power will enable a trusted friend or relative to manage your financial affairs and / or welfare decisions on your behalf should you be physically or mentally unable to do so yourself.
LPAs were introduced under the Mental Capacity Act 2005 as a replacement for the older style Enduring Powers of Attorney. An LPA allows a person (known as the Donor) to give other people (known as Attorneys) the authority to make decisions about their personal welfare and/or property and financial affairs when they no longer have the capacity to make those decisions themselves.
There are different types of LPA:
- Property and Financial Affairs LPA – to deal with your money and property on your behalf. Some of the examples include paying bills, dealing with bank accounts, selling your home if you were unable to live there and making investments for your benefit.
- Personal Welfare LPA – to make decisions about your healthcare and welfare. This includes decisions to refuse or consent to treatment on your behalf and deciding where you live. These decisions can only be taken on your behalf when you lack the capacity to make the decisions yourself.
As the Donor you can choose to create both types of power, or just one. You can also appoint the same or different people to be your Attorneys.
We can assist with preparing the documentation and registering it with the Office of the Public Guardian so that it can be used. We charge a fixed fee for this type of work.
Business Lasting Powers of Attorney
A Business Lasting Power of Attorney (LPA) is a legal document that allows a trusted individual or professional to make business decisions on your behalf if you’re unable to do so. This is crucial for business owners, as it ensures continuity of operations in the event of incapacity, illness, or absence.
A solicitor can assist in drafting this document, ensuring it’s tailored to your specific needs and that it complies with legal requirements. The appointed attorney can manage day-to-day operations, sign contracts, and handle financial matters, preventing disruption to your business. It’s a vital safeguard for the future of your company, providing peace of mind and security for both you and your employees.
Lasting Powers of Attorney Fees
Our LPA fixed fees include preparation and registration of the documents which enables them to be used.
One LPA: £450 + VAT
Two LPAs: £675 + VAT
There will also be a fee due to the Office of the Public Guardian for registering each LPA of £92. However, you may be entitled to an exemption or 50% remission of the fee.
We will usually prepare your Lasting Power of Attorney for you at the initial appointment. Registration at the OPG currently takes around 4-6 months.
We also offer home visits for Wills and LPAs at no extra charge if within 20 miles of our office.
Business Lasting Powers of Attorney Fees
A Business Lasting Power of Attorney (LPA) is a legal document that allows a trusted individual or professional to make business decisions on your behalf if you’re unable to do so. This is crucial for business owners, as it ensures continuity of operations in the event of incapacity, illness, or absence. A solicitor can assist in drafting this document, ensuring it’s tailored to your specific needs and that it complies with legal requirements. The appointed attorney can manage day-to-day operations, sign contracts, and handle financial matters, preventing disruption to your business. It’s a vital safeguard for the future of your company, providing peace of mind and security for both you and your employees.
Business LPA: £600 + VAT
We will usually prepare your Lasting Power of Attorney for you at the initial appointment.