Lasting Power of Attorney

What would happen if you were to your lose mental capacity as a result of dementia, a stroke or an accident so that you are no longer able to manage your own financial affairs?

You may think that your next of kin can take over management of your affairs if you should suffer such incapacity. However, this is a popular misconception as without proper steps in place to appoint someone to act on your behalf, your nearest and dearest would have to seek the approval of the Courts in order to do so. This would inevitably involve considerable expense and inconvenience.

To avoid this scenario you could prudently sign a Lasting Power of Attorney in which an attorney or attorneys are appointed to take over management of your financial affairs before you suffer such incapacity, with the Lasting Power of Attorney being registered at the Office of the Public Guardian.

At Aschfords Law, we will guide you through the complex process, ensuring that your wishes to manage your finances are properly taken into account, with all the relevant forms being completed and subsequently registered as appropriate. Once we are instructed and the relevant forms are complete, it takes approximately 20 weeks for the Lasting Power of Attorney to be registered.

Professional fees:

Our standard fee in these matters are £350 + VAT equating to £420 for a Lasting Power of Attorney (LPA). Disbursements and Third Party Costs (if applicable) are additional. The LPA application fee is £82. Once we have assessed your case, we can provide you with a specific breakdown of costs and if appropriate agree a fixed fee depending on your particular circumstances.