Have you heard?
The Office of the Public Guardian have reduced their registration fee from £110 down to £82. Yes! That’s right the fees have gone DOWN. Not often you hear that is it? So to celebrate we are giving you 10% off of our fees as well.
What is a Lasting Power of Attorney (LPA)?
A Lasting Power of Attorney enables you to appoint people you trust to make decisions on your behalf. They are called your Attorneys. There are two types, Health and Welfare and Property and Financial. Health and Welfare enables your Attorney(s) to make decisions surrounding:-
- Your medical treatment
- Where you are cared for
- The type of care your receive
- Your day to day life such as diet, how your dress, your daily routine etc.
A Property and Financial Affairs LPA enables your Attorneys to manage and make decisions surrounding:-
- Money, tax and bills
- Bank and building society accounts
- Property and Investments
- Pensions and benefits
An Attorney will also be able to use your money to take care of the house i.e. paying for a cleaner and anything else they may need on a day to day basis i.e. food.
Do I need an LPA?
Yes. You never know when you may lose your mental capacity. Your mental capacity could deteriorate slowly or it could go suddenly following a car crash or a stroke for example. We had a recent case whereby a lady had drawn up an LPA but not had it registered. She then had a stroke and now cannot talk or make any important decisions. Her daughters are struggling to make decisions on their mother’s behalf. Had the LPA been registered, they would have been able to make decisions for their mother with no complications.
You don’t have to have lost your mental capacity to be able to use the LPA. You may get to a stage whereby making these important decisions becomes too much. Or, you may simply want someone to just pay the bills on your behalf. It is entirely up to you how you use this legal document but you should recognise that it must be registered for you and your attorneys to utilise it.