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power of attorney

my friend says that the power of attorney is costing her 50O pounds to add a family members name on it. is this normal?how much does it normally cost?

Comments

  • dunstonh
    dunstonh Posts: 120,009 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What type of power of attorney?
    Who are they using to draft it/complete the work?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • North East Scotland.

    Mother in Law planning for the future and went to Solicitor in 2012 with two Daughters and gave all details. The daughters will have the facility to make all her decisions from now but will be as and when it is required.

    Total cost including registering it with the government registarar was under £250.

    So £500 for a modification seems a touch expensive.
  • kangoora
    kangoora Posts: 1,193 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    That seems expensive as I just asked about getting one today on behalf of my mum when I was going into the solicitor to get a will drafted.

    North East England - cost £500+VAT (plus £125+VAT court fees)for a new PoA. The solicitor did say they would 'do a bulk discount' if I did 3 at the same time i.e. one for me, my wife and my mum :)

    So, £500 for a modification does seem expensive based on what I've been quoted for a new one from scratch.
  • SW17
    SW17 Posts: 872 Forumite
    Tenth Anniversary 500 Posts Name Dropper Combo Breaker
    edited 15 November 2014 at 9:42AM
    LPA's are expensive, generally cost more than wills with trusts. The cost should in theory be less for a small change on an existing LPA as less hours work (and even "fixed prices" from solicitors are often based on a max number of hours of work), but may still require court fees etc. Is this for 1 or 2 LPAs? Separate LPAs must be done for financial and health affairs, if it's desired that both areas are to be covered.

    Ps. Not a legal professional, just been consulting one recently on this very subject (new rather than amendment).
  • greenglide
    greenglide Posts: 3,301 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    A property and affairs POA for someone who still has mental capacity is very very simple and can be done on line with a government Web site - no need for a solicitor.

    If the donor no longer has capacity or you want the health and welfare POA it is harder to diy but still possible.
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