Lasting Power of Attorney Property and Financial Affairs

Preparing a lasting power of attorney property and financial affairs will allow you to appoint somebody you trust to look after your property and financial affairs if you are unable to do so. Unlike the general power of attorney a lasting power of attorney property and financial affairs is suitable if you are becoming mentally ill as the document will remain effective even if you are no longer able to understand that the power is being operated, so long as the document is registered with the Court of Protection.

A lasting power of attorney property and financial affairs is not usually created for a set period of time, it is usually indefinite but can be restricted by the provision of usage clauses. Once created and registered the power will not automatically come to an end unless you or your attorney(s) die, your attorney(s) disclaim their appointment, a marriage or civil partnership between you and your attorney is dissolved or annulled or you effect a deed of revocation.

Clients who usually create a lasting power of attorney property and financial affairs typically do so because they want the security of knowing that if they are unable or unwilling to manage their property and affairs their attorneys will take over.

You can appoint anyone who is over the age of 18 and has the mental capacity required as your attorney. They could be family, friends, your professional advisor or a mixture but you must trust the person or people you appoint to deal with your finances and property.

The lasting power of attorney property and financial affairs gives your chosen attorney or attorneys the power to make decisions and take actions on your behalf. The attorney(s) effectively steps into your shoes and his/her actions will be treated as if they were made by you. Granting an unrestricted, unspecific lasting power of attorney property and affairs you will allow your attorney to administer all of your property and financial affairs. This could include buying or selling property, shares, personal possessions and business assets etc. An attorney appointed under a lasting power of attorney property and affairs cannot effect decisions on your health and welfare.

A lasting power of attorney property and financial affairs must be registered with the court of protection to be effective. This process involves the completion of registration requirements and payment of the courts registration fee.

Lakes Legal Limited can prepare your lasting power of attorney property and financial affairs bespoke to your needs. Simply request this service online or over the telephone and complete and return our questionnaire. Lakes Legal Limited will use the information provided by you to create the draft document which will be sent to you for approval before the final lasting power of attorney property and financial affairs is created for your signature.

“Piece of mind for you and protection for your family should you need it.” Lakes Legal Limited

For more information on the preparation of lasting powers of attorney for property and financial affairs please see the blog and articles sections of our website and our Lasting Power of Attorney Property and Financial Affairs Fact Sheet.

If you would like Lakes Legal Limited to prepare your Lasting Power of Attorney for you, bespoke to your needs, simply choose from the below options using our secure payment service to process your transaction. Alternatively please telephone Lakes Legal Limited and speak with one of our advisers. Please note the fee you pay now is Lakes Legal Limited fee only, depending upon your requirements you may be asked to provide a cheque in respect of third-party registration  fees at a later date.

Lasting Power of Attorney- Property and Affairs (including registration)

Choose this option if you would like Lakes Legal Limited to prepare your lasting power of attorney for property and affairs documentation, including an application for registration, for your approval and signature. Following completion of the documentation Lakes Legal Limited will oversee the registration process. This is the complete lasting power of attorney property and affairs package and will ensure that all of your lasting power of attorney property and affairs  requirements are legally binding, all for a fixed fee of £150.00. This option will incur a further fee of £130.00 in respect of the Office of the Public Guardian registration fee. You will be asked to supply your cheque for this amount by your Lakes Legal Limited advisor in due course.

Lasting Power of Attorney- Property and Affairs (excluding registration)

If you would  like to have the lasting power of attorney property and affairs documentation created for future use but would prefer to delay registration, for whatever reason, this is the option to choose. For the fixed fee of £100.00  Lakes Legal Limited will prepare your lasting power of attorney property and affairs for you in accordance with your instructions for future registration with the Office of the Public Guardian.

Lasting Power of Attorney- Property and Affairs (registration only)

If you have had your lasting power of attorney property and affairs prepared previously and would now like to register your document with the Office of the Public Guardian Lakes Legal Limited will prepare the documentation for you and oversee the registration process for a fixed fee of £100.00. This option will incur a further fee of £130.00 in respect of the Office of the Public Guardian registration fee. You will be asked to supply your cheque for this amount by your lakes legal Limited advisor in due course.

Joint Lasting Power of Attorney- Property and Affairs & Health and Welfare (including registration)

If you would like to prepare and register both your lasting power of attorney for health and welfare and your lasting power of attorney property and affairs choose this option. Lakes Legal Limited will prepare all of the documentation, including an application for registration, for your approval and signature. Following completion of the documentation Lakes Legal Limited will oversee the registration process. This is the complete joint lasting power of attorney package and will ensure that all of your lasting power of attorney requirements are legally binding, all for a discounted fixed fee of £250.00. This option will incur a further fee of £260.00 in respect of the Office of the Public Guardian registration fee. You will be asked to supply your cheque for this amount by your Lakes Legal Limited advisor in due course.

Joint Lasting Power of Attorney- Property and Affairs & Health and Welfare (excluding registration)

If you would like to prepare both your lasting power of attorney for health and welfare and your lasting power of attorney property and affairs but would prefer to delay registration choose this option. Lakes Legal Limited will prepare all of the documentation required (excluding the registration application) for the fixed fee of £200.00. The documents can then be registered at the Office of the Public Guardian, by you, at your leisure.

Joint Lasting Power of Attorney- Property and Affairs & Health and Welfare (registration only)

If you have had your lasting power of attorney health and welfare and lasting power of attorney property and affairs prepared previously and would now like to register your document with the Office of the Public Guardian Lakes Legal Limited will prepare the documentation for you and oversee the registration process for a fixed fee of £150.00. This option will incur a further fee of £260.00 in respect of the Office of the Public Guardian registration fee. You will be asked to supply your cheque for this amount by your Lakes Legal Limited advisor in due course.

Why pay hefty solicitors fees when you could make the progression to Lakes Legal Limited? Available locally in Ulverston, Barrow-in-Furness, Dalton, Windermere and surrounding areas. Covering Cumbria, Lancashire and the rest of England and Wales via the internet and in person.