Do you need a Lasting Power of Attorney?
There are 2.5m Lasting Power of Attorney (LPA) agreements in place in England and Wales. Last year, the number of LPAs granted increased by 15% to more than 600,000.
As life expectancy rises, so too will the number of people expected to need to grant a third party power over their affairs.
The government has been promoting LPAs and in April 2017 reduced the application fee from £110 to £82.
LPAs grant an individual legal authority to represent or act on another’s behalf in the case of loss of mental capacity, and must be set up before that occurs. Once you have lost capacity it is too late and only a Court of Protection Deputyship is possible.
Deciding to take out an LPA is a very important decision. So it’s important to know that there’s plenty of help and guidance available, from how to choose someone you trust (the most important step), to setting out how you want your affairs to be taken care of.
Wheelers Solicitors in Newport, Isle of Wight, can fully support you in all stages of creating and registering a Lasting Power of Attorney and will take the time to fully explain the process to you.
Please call us on (01983) 533938 for an information pack and details of our fees. Or arrange a free interview to discuss your needs.