Power of attorney

A Power of attorney is essentially a legal document that allows some else to manage your affairs when you are no longer able to do so. There are different types of Power of attorneys.

A Lasting Power of Attorney replaced the previous system of an Enduring Power of Attorney in October 2007. The original form was less complicated and consisted of a few pages, whereas the news forms are more detailed and can be bewildering to some people.

Property Financial Affairs

You can give a person you trust known as your 'attorney' the right to manage your property and financial affairs. You can restrict the powers that you wish to give to your attorney. For example, you can put a limit on the amount of transactions that they have the power to deal with.

Health and Welfare

This type of power of attorney allows someone else to make decisions on your behalf regarding your health and personal welfare.

Registration

The Power of attorney must be registered with the Office of Public Guardian (OPG). There is a registration fee that applies (£130). The theory behind making the registration compulsory is that it will prevent the system from being abused as it creates added protection for vulnerable people. Pre 2007 Power of attorneys do not have to be registered unless the donor becomes mentally incapable of making decisions.

Our fees for preparing a power of attorney start off at £600 plus VAT. Please contact us to obtain a quote.