A Lasting Power of Attorney enables someone you trust (the Attorney) to make decisions on your behalf about your property and affairs and/or your health and welfare.
In order to make a Lasting Power of Attorney you must be over 18 years of age and have mental capacity. A common misperception is that a Lasting Power of Attorney can only used if the person who made it (the Donor) were to lose mental capacity. This is not always the case and depends on how the document is drafted. There are many different ways that a Lasting Power of Attorney can be structured, all of which have separate implications.
It is essential that you receive expert advice regarding the most beneficial way a Lasting Power of Attorney should be structured specifically for you and your circumstances. We provide this advice and can also act as a Certificate Provider where required, all of which are included in the fee.
To be capable of use a Lasting Power of Attorney must be registered with the Office of the Public Guardian. There is a separate administration fee payable directly to the Office of the Public Guardian which is presently £82 for each Lasting Power of Attorney. This fee can be reduced or exempted dependent on an individual’s personal circumstances.
Fahri LLP Fees:
Lasting Power of Attorney for Property and Finance £500 plus VAT
Lasting Power of Attorney for Health and Welfare £500 plus VAT