Lasting Power of Attorney Fees to reduce in April
The government fees for setting up a Lasting Power of Attorney (LPA) are to be substantially reduced from April 2017, Mark Williams of the law firm Amba Legal Services Ltd, confirmed.
LPAs, which can be set up by consulting a Professional Willwriter or a Solicitor for specialist legal advice, are able to give relatives, close family members or carers the authority to handle the property and financial affairs of a loved one, or to make decisions about their care and welfare.
But according to a recent study, as many as 85 per cent of UK adults do not have one in place. This is despite the number of serious accidents that can befall people of any age and the Alzheimer’s Society predicting that the number of dementia cases in the UK will rise by 156 per cent between now and 2021.
However, a new statutory instrument recently approved by Parliament states that fees due under the Public Guardian to set up an LPA will be reduced this April, as follows:
The fee for an application to register an enduring, or a lasting, power of attorney will fall from £110 to £82.
An LPA can be drawn up quickly by seeking specialist legal advice, yet a worrying 44 million UK adults do not have one, and are unprepared for what the future may hold.
For further advice or to find out about our Half-price Powers of Attorney,
call: 01299 251442
or visit: www.ambalegalservices.co.uk