Lasting Power of Attorney

We can advise, prepare and register your Lasting Power of Attorney forms for you.

What is a Lasting Power of Attorney?

Make a Lasting Power of Attorney Finance with Duncan Turner Associates
A Lasting Power of Attorney (LPA) allows the appointment of one or more people of your choice (attorneys) to manage your financial affairs and health matters. If you run a business you should consider making a separate business financial LPA (see below).

You can choose to do this just to make your life easier, or for it to be in place in case you cannot manage your own affairs, whether that be through temporary circumstances (such as being unconscious) or permanent ones (such as developing dementia) loss of mental capacity.

Make a Lasting Power of Attorney Health with Duncan Turner Associates

To make a valid LPA you must have the mental capacity to understand what you are doing and you must not have been put under any pressure to create them.

We act as your "certificate provider" to confirm your understanding of the documents.

 
Why are they important?
 
Unless you have created an LPA while you have the capacity to do so, if your family need to manage property, finances, or make welfare decisions for you, they may have to make an application to the Court of Protection for a deputy to be appointed. This is a costly and lengthy process and the deputy has to produce annual accounts to the Court of Protection showing all transactions made and the reasons for them. Creating an LPA in advance is a much cheaper and easier process than making an application for a deputyship order.

Who could I appoint?
You can appoint as many attorneys as you wish. People normally choose those closest to them to act as their attorneys. They should be people you trust as you will be giving them extensive power to make decisions about either your health and welfare or your property and financial affairs or both. It is also possible to appoint replacement attorneys to take over if your original attorneys are no longer able to act. The people you choose must be 18 years old or over at the time you appoint them.

What are the different types of LPA?

There are 2 different types of LPA: An LPA Financial Decisions enables you to choose who can make financial decisions for you and an LPA Health and Care Decisions enables you to choose who can make decisions about where you should live and medical treatments. You can also put in place a separate LPA Financial Decisions in respect of your business interests.

What can my attorneys do?
Actions LPA PA LPA PA Business LPA HW
Deal with bank accounts
Deal with bills
Deal with making investments
Receive state benefits on your behalf
Sell your home should the need arise
Discuss medical issues with doctors
Make decisions about healthcare
Make decisions about life sustaining treatment
Make decisions about what you eat
Decide on where you should live
Business Financial LPAs
How would your business fare if you were unable to contribute to the running of it any more? When you own a business, it’s important to consider whether a separate LPA specifically for your business matters is appropriate. In most cases it will be.

Certain business activities would cease. For example, if a bank account signatory lacks capacity the bank can freeze the account to protect the vulnerable adult. This would have a dramatic impact on the business and staff especially if the account held funds to pay employees. Also, contracts entered into by a person who had capacity but subsequently loses it may become unenforceable because of their incapacity.

In some cases, you may also have a personal financial LPA but it is likely that the attorneys you appoint are family members who may not have the knowledge neccesary to run your business or have sufficient bussiness knowledge. In addition, bank accounts may be in the name of the company and not capable of being operated by an attoney appointed persuant to a personal financial LPA. This raises potentially serious issues for the continuation of the business. In such cases a personal financial LPA and a business financial need to be made.

Appointing an attorney for business matters is like taking out another insurance policy for your business continuity. It goes a long way to ensure that the business can continue to run smoothly and that someone you trust isgoing to take care of it and has the necessary skills.

When are LPAs registered?
Before your attorneys can act at all, the LPA(s) must be registered with the Office of the Public Guardian (OPG). As the registration can take several weeks, it’s strongly recommended that they are registered immediately upon signature so that they are in place when needed. If you don’t register the LPA, should you lose capacity, your attorneys won’t be able to act on your behalf until they are registered, which may then be too late.

Is there a court fee?
As well as our fixed fees for producing the documents, there is also a court fee. It currently costs £82 to register each LPA which means that it costs £164 to register both a property and financial affairs LPA and a health and welfare LPA. You may be able to get a reduction or exemption depending on your circumstances. Our consultant will discuss this with you at the meeting. If the fees apply, the OPG will contact you to take the payment by either credit or debit card.

What do I do next?

Simply call us to arrange an appointment and we will visit you at home to discuss your situation. We will take your instructions if you want us to prepare the documents for you. Once they have been drafted we would bring them to you for signing and witnessing. We would complete the registration documents and submit the forms to the Office of the Public Guardian. It will take the court approximately 6-10 weeks to process the forms. Once the court has completed the registration, the LPA(s) will be returned to you for safekeeping.

For more information call 0330 311 0910 or 07827 0453 062