We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lasting Power Of Attorney
PHILUPMYPOCKETS
Posts: 8 Forumite
Hi to all !
My mum asked me to look into setting up a LPA.
I found info on the Directgov site and understand that there are two types:
Is there a more cost effective way of drawing up these documents whilst ensuring they are legal?
Thanks
Phil
My mum asked me to look into setting up a LPA.
I found info on the Directgov site and understand that there are two types:
- Property & Affairs
- Personal Welfare
Is there a more cost effective way of drawing up these documents whilst ensuring they are legal?
Thanks
Phil
0
Comments
-
Hi Phil,
This is the cheapest they can be done. Also there's a form that needs to be signed by an independant solicitor so you need to factor in their costs too.
Its not a quick, easy or cheap process anymore
But just image if you got a solicitor to fill the forms out for you......£400-£500 per LPA!Currently studying for a Diploma - wish me luck
Phase 1 - Emergency Fund - Complete :j
Phase 2 - £20,000 Mortgage Fund - Underway0 -
Damned expensive business, but money well spent I suppose if the worst came to the worst.
There is a section in the application forms entitled 'Declaration by your first or only certificate provider'
There is a choice of two options. Option 1 is to have a solicitor/GP sign to confirm the donor fully understands what they are signing or option 2 may be signed by somebody who has known the donor for over 2 years (cannot be a relative or attorney).
I hope that choosing option 2 eliminates the need of involving a solicitor!
Phil0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.8K Mortgages, Homes & Bills
- 179K Life & Family
- 263.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards