Financial & Legal News

Reduction in Legal Fees for Elderly Client Services

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Reduced fees for registering Lasting Powers of Attorney (LPA) have been welcomed by solicitor Helen Law, from Oldham firm Pearson Solicitors, who says an LPA can give peace of mind to older clients and their families.

A Power of Attorney is a legal document where a person gives another person or persons of their choice (the attorney(s)) authority to make certain decisions on his or her behalf.

There are two types of Lasting Powers of Attorney – one to deal with property and finances and the other to deal with health and care welfare care decisions.

As Helen explained:  “A property and financial affairs Lasting Power of Attorney can be used both when you have capacity to act, as well as if you lack capacity to make financial decisions, but the health and welfare power of attorney can only be used once you have lost mental capacity to make those decisions yourself.

“If you are considering making a Power of Attorney it is essential that you take extreme care in deciding who to appoint as you Attorney(s) as they are very important documents,” she warned.

“It goes without saying that the person(s) you appoint should be trustworthy and capable of making the proposed decisions on your behalf and have a duty to always act in your best interests.”

The Attorney can only act once the Power of Attorney has been registered with the Office of the Public Guardian.  From the start of October 2013 the fee for registering a Lasting Power of Attorney with the Office of the Public Guardian was been reduced to £110 from £130.

As Helen added:  “Powers of Attorney can give peace of mind to older people, or those who have issues with their health, that they have given the appropriate authority to people they know and trust to make financial or health decisions on their behalf if there becomes a point in the future when they are not able, for whatever reason, to make those decisions themselves. 

“Hopefully the fact that the registration fees have been reduced will mean that more people will consider making these documents and ensure the smooth running of their affairs at a difficult time. If these powers aren’t in place then there may be a delay in order to get that authority through the Court,” she said.

 

For further help and advice contact Helen Law at Helen.law@pearsonlegal.co.uk

 

 

 

 

Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

This blog was posted some time ago and its contents may now be out of date. For the latest legal position relating to these issues, get in touch with the author - or make an enquiry now.

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