Lasting Powers of Attorney (LPA) are legal documents allowing you to appoint one or more people (known as attorneys) to help you make decisions, or to make decisions on your behalf.
Much like a Will, this provides you and your loved ones with peace of mind that should you have an accident or illness, resulting in loss of capacity, you will be looked after by those closest to you.
Watch our video to find out more!
Types of LPA
Health & Welfare:
- Your daily routine
- General medical care
- Moving into a residential care home
- Life Sustaining Treatment
The Health & Welfare document can only be used when capacity has been lost.
Property & Finance:
- Managing bank/building society accounts
- Paying bills
- Collecting benefits/pensions
- Assisting with your property (selling/rentals)
The Property & Finance document can be used as soon as it is registered, with your permission.
The true cost of not having an LPA
| Application and first year costs | Price | Ongoing costs |
|---|---|---|
| Application fee | £400 | |
| Hearing fee | £500 | |
| Medical fee | £300 (average) | |
| Deputy Assessment fee | £100 | |
| OPG Supervision fee | £320 | £320 |
| Security fee | £500 (average) | £500 (average) |
| Legal representation | £1,020 (minimum) | |
| Management fee | £1,800 (minimum) | £1,420 (minimum) |
| Annual report fee | £320 | £320 |
| £5,260 | £2,560 |
Key considerations
- Without an LPA, Deputyship is required should you lose capacity. This does not allow you to choose who is appointed and comes with significantly high and ongoing court costs.
- Who to Appoint? This can be a spouse, other relative, friend or professional.
- It is important that you choose people who you can trust to act in your best interests, giving consideration to how they manage their own affairs.
Speak to us to discuss your circumstances and put in place the appropriate provisions.
