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New power of attorney guide

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  • Errata
    Errata Posts: 38,230 Forumite
    10,000 Posts Combo Breaker
    If you're a bit anxious about it, something is telling you something may be a bit iffy. If your will, and a Power of Attorney is reasonably straightforward the fee you pay a solicitor will be a minute percentage of your estate.
    .................:)....I'm smiling because I have no idea what's going on ...:)
  • So I've finally managed to register an LPA for health and finance for a senior family member.

    The thing is, he'll have lots of bank accounts and other things set up.

    Do I need to send a copy of the LPA to each one of them? If so, does each one need to be notarized in any way - and if so, who can "bulk notarize" them ?!

    Thanks for your help :)
  • Yes you would! Notarising means that EVERY page has to be notarised. You have to pay for that or get the donor if able to certify the copy.
    If possible you can take the original into a bank branch and that ought to be sufficient. It's all time consuming though.
  • Likestowrite
    Likestowrite Posts: 104 Forumite
    edited 4 January 2015 at 5:20PM
    I've decided to get a lasting power of attorney in place well before I need it.

    I found this: If the person who the Lasting Power of Attorney relates to has a gross annual income of under £12,000 then there will be a 50% reduction in the registration fee.
    It will be necessary to send evidence of the gross annual income.


    As I am retired and my only income is a pension plus small annuity (which combined are well under £12,000 PA gross) I should be eligible for the 50% reduction in the registration fee.

    As bank statements don't count----what documents do I need to send as evidence of this annual gross income?
  • vigman
    vigman Posts: 1,380 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 4 January 2015 at 12:20PM
    My wife and I are both intending to get financial and welfare POAs.

    I've read a great deal of the thread and there is discussion on using solicitors or doing it yourself.

    Has anyone experience and/or recommendations on using such online services as https://www.powers-of-attorney.net (the first search result)?

    We have a low income but do have savings, and would like this to be done correctly but as cheaply as possible.

    I am pretty literate legally and the POAs will be straightforward, so I would like advice on how to proceed in these circumstances, please?

    Forgot to ask whether it is 'usual' just to have each other as attorney or to have our daughter on each as well?

    TIA

    Vigman
    Any information given in my posts or replies is intended to be of interest and/or help to members of the forum. I cannot guarantee that this is accurate or up to date.
  • Lungboy
    Lungboy Posts: 1,953 Forumite
    Part of the Furniture 1,000 Posts
    edited 4 January 2015 at 4:49PM
    I'm setting up both medical and financial LPAs for my mum. Do I need 1 x LPA002, or 2 x LPA002 one for each, or an LPA114 + an LPA117, or 114 + 117+ 2x 002? I think it's the latter but wanted to check as that's a bit of a mountain of paperwork.

    e: and another rather daft question: will they reject the forms for using x's instead of ticks?
  • vigman wrote: »
    I've read a great deal of the thread and there is discussion on using solicitors or doing it yourself.

    Has anyone experience and/or recommendations on using such online services as https://www.powers-of-attorney.net (the first search result)?

    We have a low income but do have savings, and would like this to be done correctly but as cheaply as possible.

    The cheapest way to do it, is to do it yourself via https://www.gov.uk/power-of-attorney/make-lasting-power - I did that and paid £240 to the government for both forms.

    The website you cite charges £60 for help in filling out the form. I presume you then have to pay the £240 to the government to register the forms...
  • Rosie1980
    Rosie1980 Posts: 150 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    The OPG have put the price down it's only £110 each so £220 for both.
  • Rosie1980
    Rosie1980 Posts: 150 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Lungboy if you can fill the forms out online I would do so it's much more straight forward. Once they are done you print them and have them signed following the instructions given. It's much easier as you aren't repeatedly typing the same information like you are when you are doing it by hand. You will have to do two LPA002's, one for each.
  • Yes - it is quite easy to be critical when u don't have the experience, the bond is to protect the person.
    In my line of work it is often the case that when some people are appointed they for whatever reason believe they can use money for their benefit. This is to prevent that!
    Bigger problems arise when there is no bond!

    Can anyone find me a claim that paid out for this insurance?[/QUOTE]
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