Lasting Powers of Attorney

Although existing Enduring Powers of Attorney (“EPA”) are still valid, it is now only possible (since 2007), to make a Lasting Power of Attorney (“LPA”).

LPAs can take two forms and substantially broaden the powers that a person can confer on their attorney. LPAs are also need to be registered with the Office of the Public Guardian before they are valid thus providing a level of security that did not exist with EPAs.

There are two different types of LPA and we can advise on all issues relating to LPAs and the circumstances when these should be entered into. You can enter into one or both at any time whist you have capacity. The two types are:

Property and Affairs

This covers your property and affairs and is the most direct replacement of the EPA. You are able to appoint one or more attorneys and also to nominate replacements in the event that they are unable to act for any reason.

Personal Welfare

This allows you to appoint one or more people to make decisions on your behalf regarding your personal health and welfare. This is a major departure from the original EPA legislation. Please be reassured that your attorneys can only make these decisions for you when you lack the capacity to make them for yourself.

We can answer any questions you may have regarding the preparation of these important documents.

For both types of LPA you are required to have a Certificate Provider to confirm understanding and capacity. We are able to act in this role for you. You are also required to nominate a named person to be notified when the application is made to register the LPA. This is intended to provide a further level of protection.

We encourage most clients to register their LPA as soon as it has been made as the registration process takes several weeks and it is preferable in most circumstances to complete this so that the LPA is ready to be used whenever it is needed. However some clients prefer us to retain their LPA signed but unregistered to register at a later date. We can discuss with you which approach may suit you best.

Registration of Enduring Powers of Attorney

Many clients may have made EPAs prior to October 2007 and they remain valid. However, should the Donor of the EPA lose capacity then the EPA must be registered with the Office of the Public Guardian.

We can assist in the preparation of the appropriate forms as you are required to give notice to a prescribed number of individuals from amongst of the Donor’s next of kin.

Related Articles

-
One of the conditions which must be satisfied for a will to be valid is that the person making it must be of sound mind. With an ageing population, cases involving disputes over a testator’s mental capacity are becoming more common – it is...
-
A trust comes into effect when a ‘settlor’ places money, land or other assets in the hands of trustees. The trustees are the legal owners of the property but are obliged to hold and manage the property for the benefit of a person or a group of...
-
One of the biggest problems now facing executors is that as the recession progresses, most assets, other than cash, are falling in value, which can mean that the value of an estate for Inheritance Tax (IHT) purposes is greater than the market value later on....
-
Until the recent publicity afforded by television shows on the subject, many people might not have realised that ‘heir tracing’ companies exist, let alone that they research ‘promising’ estates by looking at public records and then...
-
The levels of statutory legacy (the amount that surviving spouses or civil partners are allowed to inherit if their spouse/civil partner dies without leaving a will)  were increased from 1 February 2009 to the following: • £250,000 (from...
-
When one member of a cohabiting couple dies, it can come as an unpleasant surprise to the bereaved partner to discover that not all of their late partner’s estate will pass to them in the absence of a will. It is only when this happens that many people...
-
When dealing with an estate, an increasing problem for executors is the valuation of assets in the form of the chattels of the deceased. In probate terminology, chattels are the ‘everyday’ assets such as furniture and ordinary possessions, as...
-
In the UK, there are quite generous exemptions from Inheritance Tax (IHT) which apply to business assets. One problem with making use of such exemptions is the effect this may have on the subsequent value of the relevant assets for Capital Gains Tax (CGT)...
-
In October 2007 there was a fundamental change on the way in the way powers of attorney are created and the powers that they can give attorneys, when the Enduring Power of Attorney (EPA) was replaced by the Lasting Power of Attorney (LPA). EPAs are no...
-
Being an executor is a demanding job at the best of times and a task that is made all the more difficult when the deceased has not given proper thought to the problems their executors will face. Here are some of the things you can do to make sure your...
-
Many people have assets which they have forgotten about – old bank accounts, shares or premium bonds for example. If you think you or a relative may have lost track of some of their assets a search of the register (which costs £25) may be...
-
The law recognises that some people (such as solicitors or accountants) have a high degree of influence over other people (their clients), since clients hire their professional advisers for the specific purpose of giving advice. However, it is not normally...
-
It's easy to include a charity in your will, but you should always consult your solicitor before you write or change your will  to be sure it reflects your exact intentions and that you understand its implications. Before you call your adviser, take a...