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LPAs

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Spivved1987
Spivved1987 Posts: 176 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
edited 2 November 2023 at 4:40PM in Over 50s MoneySaving
I am finally getting around to looking at this aspect of my 'closing down' plans!

Quick question: I am amazed at the price discrepancy (usually in the hundreds of pounds) beteween 'Billy's LPA Services' and 'Ripoff Solicitors LLP'. Is it like conveyancing, where using a High St solicitor generally means they give it to a secretary to do, and charge double what a conveyancing company on a through-the -letterbox flyer charges? Or is there a reason to go with the High St solicitors because things can go horribly wrong and you might need somebody to sue?

Comments

  • kipperman
    kipperman Posts: 294 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    edited 1 November 2023 at 5:29PM
    Why not just do it yourself on line with the .gov service? Well documented, the instructions take you through step by step and point out the various advantages/disadvantages of each step. £80 per LPA.

    https://www.gov.uk/power-of-attorney
  • Keep_pedalling
    Keep_pedalling Posts: 20,991 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 1 November 2023 at 6:12PM
    Agree with the above, do it yourself. Who are you thinking about making your attorneys? Not quite sure why you have posted this in the phones and TV board though.
  • mebu60
    mebu60 Posts: 1,646 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    £82 per LPA. DIY. Is fairly straightforward. Just take your time to be clear on the signing sequence and who can witness which signature. You will need someone to act as certificate provider who has known you for at least two years but isn't related to or in a relationship with you or any of the attorneys (I'm assuming the LPAs are for you as the donor from the wording of your question). You will also need access to a printer. And use a black pen for the formalities. 
  • SiliconChip
    SiliconChip Posts: 1,840 Forumite
    1,000 Posts Third Anniversary Name Dropper
    You need to report your own post and ask for it to be moved to the correct board (and perhaps have the thread merged with a previous one given your opening sentence).
  • Unless you plan to put restrictions in place or there is a question over capacity then use the online gov.uk service. You answer questions which then are used to complete for form for you. 
    *Dad loan - £5300 - £7200
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0.00

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £840
    *Total debt - £8040/£11641.17*


    Savings
    *Savings Buffer - £100/£1500
    *Emergency Fund - £1500/£1500


    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
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