This Lasting Power of Attorney guide provides you with the peace of mind that if you can no longer make financial decisions, you have a plan to elect someone to do it for you.
This in-depth guide includes:
- What is POA?
- Deputyship vs LPA
- Setting up an LPA allows you to plan in advance
- Who can act as my attorney? Who can make an LPA?
- Keeping your documents safe
- How we can help?
FAQs
Powers of Attorney (POA) have been serving the public for a long time. It is a powerful legal document which allows an individual to appoint a person of their own choice (an Attorney), to look after their affairs should they at a later stage no longer wish to make these decisions or cannot manage their affairs themselves.
Yes.
Failure to register your LPA documents straight away may mean that the information it contains could be out of date. This may invalidate the LPA and the OPG could then later refuse to register the document. The charge for Registering an LPA is set by the OPG but can be reduced, or even waived entirely, depending on the Donor’s annual gross income.
We recommend storing your documents.
- Storing your documents will ensure that, these Powers are NEVER used without your express knowledge and consent, while you have capacity.
- For a small annual fee, you can elect to take advantage of our Secure Storage Facility, benefitting from the knowledge that your documents are lodged in a safe environment.
- We understand that the process of dealing with the affairs of someone who has lost capacity can be very difficult. Our dedicated team of professionals has vast experience in dealing with both the Office of the Public Guardian and the Court of Protection and provides both professional and personal service, while still offering our clients extremely competitive rates.
- This guide contains only general planning and is not to be construed as advice for any personal planning. Each strategy recommended is based on individual circumstances.
All the things you need to know
This guide was created by our in-house legal team. Our in-house legal team understand the pains of having to sort out legal matters and knows the importance of being able to manage all your financial needs with one team. They have put together this easy-to-follow guide to help and inform those looking to manage all finance and legal matters under one roof.
This guide was last updated in October 2022.
