Lasting Powers of Attorney (LPA) and advance decisions give authority to others to make decisions about your care on your behalf, should you need this help in the future. Both documents are for use in the event that you become unable to make decisions for yourself. They can be executed before you need assistance, so
Which takes priority, an LPA or an advance decision? Read More »
If an individual loses the capacity to manage their own affairs and make important decisions, it may be necessary to apply to the Court of Protection for a deputyship order. When someone is no longer able to cope with day-to-day life, either in respect of their financial matters or in relation to their care
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A Lasting Power of Attorney is an important document giving someone the authority to deal with your affairs, should you ever become unable to do so yourself. There are two types of Lasting Power of Attorney (LPA), one that deals with property and financial affairs and one that deals with health and welfare. If
Setting up a Power of Attorney: A step by step guide Read More »
The government has launched a consultation into the Lasting Power of Attorney (LPA) system, which has been criticised for being slow and hard to use. The current process is largely paper based, involving the Office of the Public Guardian (OPG) processing LPAs amounting to 19 million pieces of paper in 2019/20. The consultation is
Government consultation in respect of Lasting Powers of Attorney Read More »
While many people understand the importance of a Lasting Power of Attorney (LPA), the idea of putting a business LPA in place is not as familiar. An LPA gives legal authority to a trusted attorney to deal with your affairs and make decisions on your behalf, should you ever become unable to manage this
Do I need a business Lasting Power of Attorney? Read More »
Business owners should plan for the future with a business Lasting Power of Attorney and consideration of the probate situation in respect of their enterprise. A Lasting Power of Attorney (LPA) is a document that gives legal authority to a nominated attorney to act on your behalf, should you ever be unable to manage
Business Lasting Power of Attorney and Probate Read More »
Insurance company NFU Mutual recently analysed HM Revenue & Customs receipts, finding that the average Inheritance Tax bill for the year 2018/19 was £199,000. The standard Inheritance Tax rate is currently 40 per cent, which can result in a substantial bill for many estates. By taking tax planning action in advance, it is possible
Using tax planning to minimise your Inheritance Tax bill Read More »
When someone becomes unable to manage their own affairs and they have not put a Lasting Power of Attorney in place, a relative or other representative can apply for a deputyship order allowing them to act on the person’s behalf. The application is made to the Court of Protection. A deputyship order can be
What is a deputyship order? Read More »
A Lasting Power of Attorney, or LPA, allows a trusted family member or friend to manage your affairs for you, in the event that you become unable to manage them yourself. Having an LPA is usually considered a big advantage. If you should become incapacitated, your attorney will be able to step in and
Are there disadvantages in having an LPA? Read More »
It is always advisable to have a Lasting Power of Attorney (LPA) in place to ensure that a trusted friend or family member can deal with your affairs on your behalf, should you become unable to manage them. We take a look at the decisions you will need to take before signing an LPA. There