Lasting power of attorney costs
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It's all been said but I found DIY easy and if you are having a problem then the helpline is useful but perhaps your intended attorney (or other friend/relative) can help.
My advice for the DIY route is try to make it as simple as possible in regard to number of attorneys and any conditions you set.0 -
As an intermediate path between DIY and using a solicitor, it might be worth pointing out that Which offer a service that can review POA: https://wills.which.co.uk/making-a-will/power-of-attorney/0
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I did a POA for £82 for my mum before she died, and have done my own health POA. As others have said, it is a relatively simple matter. However I have paid a solicitor (£250) to do my own financial POA as they will be the people that hold the financial POA should I become incapacitated. If you intend appointing a solicitor's firm to hold your POA then I don't think you have any option but to pay what they are asking.0
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Thankyou very much everyone . I think that after reading all the replies I am leaning towards doing it myself . This is all new to me so didn!!!8217;t really know if this was something that I could do myself . If you make a mistake during the process are you made aware of this ? I wouldn!!!8217;t want to register a POA with a glaring error that my cause a problem further down the line when perhaps it needed to be activated . It was mentioned that !!!8216;knowing to make the attorneship joint or several !!!8216; , can someone please explain this ! Lastly , once you start the process online is there a time limit in which it needs completing , thanks ?0
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Have a read, I think it explains most things
https://www.which.co.uk/elderly-care/financing-care/managing-your-relatives-financial-affairs/354737-lasting-power-of-attorney-form0 -
where_are_we wrote: »You will need an independent professional person (eg a teacher) to witness the signatures.
As said by another poster but just to confirm, you absolutely do NOT need such a professional.0 -
Thank you very much everyone . I think that after reading all the replies I am leaning towards doing it myself .
There's no reason you cant start and then decide its beyond you and hand it over to a solicitor
This is all new to me so didn't really know if this was something that I could do myself .
If you make a mistake during the process are you made aware of this ? You are guided so you cant really make a mistake. Just take it slowly so you understand the very few bits of jargon.
I wouldn't want to register a POA with a glaring error that my cause a problem further down the line when perhaps it needed to be activated .Thats very unlikely especially if there is no one in prospect who would challenge it. I suggest only real reason to go via solicitor would be, if the POA might be challenged by other relatives later on. If iit been done via a solicitor that makes collusion / fraud almost impossible to argue.
It was mentioned that ! knowing to make the attorneship joint or several; , can someone please explain this !
Its all in the notes. See here https://www.gov.uk/enduring-power-attorney-duties/more-attorneys
But essentially jointly means you all have to agree. An alternative and simpler for most people (what i did) is you just have one attorney and then back up attorneys in case the first one becomes incapable or renounces.
Lastly , once you start the process online is there a time limit in which it needs completing , thanks ?
Not really, and it isnt even "really" an online process. It seems to be but all you are actually doing is filling a form in. It asks you questions, you answer, if one answer is "no" for example then it might skip some other questions that otherwise youd have to answer. So you arent faced with a form thats really long that you fill in by hand not knowing which bits to answer as you only end up filling in the bits that are relevant to you
So you can keep going back to the online form again and again until you are happy, then print it. Before that any mistakes, no worries, change it. Once you've done it all then you print it out, get it signed/witnessed and then post it off.
Thus the actual application itself isn't "online" its via the postbox, and what you type into the form in their system has no meaning until you print the form and get it signed and its teh form that matters, then everything you typed eventually gets wiped. Its really just a pretty good guided form filling system.
p.s. and because of that if it all gets too much, just forget about what you've done so far, abandon it, and pay a solicitor to fill the forms in. Theres no harm at all in trying.0 -
I have POA for both parents and, at their request, I arranged both POAs.
My father's was the first, and I hired a professional to do the paperwork. I rang several people advertising their services for this purpose, and the prices varied enormously, from about £200 to about £900, if memory serves (this was in 2013). I chose the cheapest, and it was so quick and simple, that when it was my mother's turn a year later, I had the confidence to do it myself.
The only thing I would say is, if you choose to get a professional to do it, ring round and get as many quotes as possible from people in your area. The price variation is ridiculous. £900 is a rip off.
And you don't need a solicitor for such a simple job, a legal professional is usually much cheaper (but not always: get a quote). They have less qualifications, but specialise in a narrower field.
I suspect that, if they are busy and don't really need the work, they quote exorbitant prices. If you don't bother to shop around and agree to their price, they will be more than happy to fleece you.0
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