Lasting Powers of Attorney
The Office of the Public Guardian has launched a new campaign to encourage every adult in the Country to consider making Lasting Powers of Attorney to enable someone else to deal with their affairs in the event that they become unable to manage things for themselves in the future. Rather like Wills, Lasting Powers of Attorney are something that almost everyone agrees are a good idea, but for the majority of the population they remain just that – an idea!
Of course, none of us like to think that one day we might become incapable of carrying out tasks that we find routine today and the making of a Lasting Power of Attorney does involve a cost. However, if the worst should happen and there is no Lasting Power of Attorney in force the cost is likely to be significantly greater.
Rita Sen, who has more than 25 years’ experience in dealing with Powers of Attorney and Court of Protection matters warned, “While making a Lasting Power of Attorney does involve an upfront expense, it is significantly less than the cost of making an application to the Court of Protection for the appointment of a Deputy. Recent statistics of suggested that while making Lasting Powers of Attorney costs less than £1000 the cost of applying to the Court for a Deputyship is likely to be more than 5 times as much.” It is not just the initial cost that varies so greatly, “Because of the technical nature of the Court of Protection, its reporting requirements and the need to obtain permission from the Court to take certain actions the significant difference in the cost is likely to be repeated year-on-year,” Miss Sen added.
For further information on Lasting Powers of Attorney please click on the relevant Service on this website or contact Rita, or another member of our team on (01243) 263658.