A lasting power of attorney is a legal document that allows you to appoint one or more people to make decisions on your behalf during your lifetime.
A lasting power of attorney is a legal document that allows you to appoint one or more people to make decisions on your behalf during your lifetime. The people you appoint to manage your affairs are called the attorneys. There are two types of lasting power of attorney, one that deals with your property and finances and another that deals with your health and welfare. You can choose to make either or both.
The Lasting Power of Attorney for property and finances allows your attorney to make decisions about your assets including you home and bank accounts. It allows them to pay your bills, collect your pension and benefits and agree a sale of your property.
The Lasting power of attorney for health and welfare allows your attorney to make decisions relating to medical treatment and your day to day care, including where you should live and what medical treatment you receive.
A lasting power of attorney is a completely separate legal document to your Will although it is a good idea to put them both in place at the same time to ensure you are protected in the future. Having a lasting power of attorney gives you peace of mind so that if in the future you are unable to manage your own affairs because you are mentally or physically unable to, there is something in place to ensure your life can continue as it did before.
We can prepare a Lasting Power of Attorney on a fixed fee basis of £300 plus VAT for one or £500 plus VAT for both. In addition you will have to pay a registration fee of £82 per lasting power of attorney (unless you can claim an exemption or reduction).