Solicitors for Lasting power of attorney, near you.
Making our own decisions is something that most of us take for granted.
Decisions affecting our health and finances are paramount to how we live our lives, and we can appear lost when the power to make decisions is taken away from us.
Unfortunately, however, there might come a time when you, or a loved one, are unable to make your own decisions, and you need to think about making a Lasting Power of Attorney.
What is an Enduring Power of Attorney?
An Enduring Power of Attorney (EPA) was a legal document that could be put in place (prior to 1st October 2007, following the introduction of Lasting Powers of Attorney [LPAs]) whereby the Donor could give permission for their Attorney/s to make decisions on their behalf in relation to Property and Financial matters. You can find out what a ‘Donor’ and ‘Attorneys’ are, below.
What are Lasting Powers of Attorney?
Well, as explained above, LPAs were introduced after 1st October 2007, replacing an Enduring Power of Attorney.
Again, these documents allow the Donor to give permission to Attorneys to make decisions on their behalf. Unlike EPAs, there are two types of LPAs: one relating to Property and Financial decisions, and the other relating to Health and Care decisions.
What types of Lasting Powers of Attorney are there?
There are two types of LPAs: one relating to Financial Decisions, and the other relating to Health and Care Decisions.
The Financial Decisions LPA can be used by your Attorneys to make decisions about things such as:
• Buying or Selling Property
• Paying the Mortgage
• Investing Money
• Paying Bills
• Arranging repairs to property
The Health and Care Decisions LPA can be used by your Attorneys to make decisions about things such as:
• Where you should live
• Your medical care
• What you should eat
• Who you should see and interact with
• What kind of social activities you should do
It’s important to note that just because your Attorneys can make decisions about the things listed above, you don’t necessarily have to let them (you can include instructions or restrictions when you make the LPAs), and it doesn’t mean they will be able to make decisions about your life instead of you; you can read more about this below.
How much does it cost to make a Lasting Power of Attorney?
It’s really not as expensive as many people think.
Our excellent team will draft the both sets of Lasting Powers of Attorney (Financial Decisions, and Health and Care Decisions) on your behalf, deal with signature of the documents, act as your Certificate Provider and ensure that the documents are fully registered on your behalf; all for the fixed fee of just £400.00 plus VAT for both documents.
There is a registration fee of up to £82.00 per document, although you may be entitled to a fee remission or exemption, which our team can discuss with you. Alternatively, take a look at the LPA fee remission form (also known as LPA120).
What is a Donor?
The Donor is the person who is appointing another person or people to make decisions on their behalf. The Donor must be over the age of 18, and be capable of making their own decisions at the time that the Lasting Power of Attorney is made. In essence, they must be an adult who has mental capacity.
Why choose MG Legal?
MG Legal are experts in drafting and registering Lasting Powers of Attorney, both Health and Welfare decisions (including social care issues, and medical related decisions), and Property & Financial decisions (including decisions relating to stocks, property decisions, banking, etc). Our experts can advise you on restrictions that you, as the Donor, may wish to impose upon your Attorney (your decision maker), and what conditions can be imposed on the management of your affairs to help you stay in control of your life.
Our team offer simple, no rush, jargon-free advice, in comfortable surroundings. Don't let the management of your affairs worry you; contact MG Legal today, and take control of your life.