Power of attorney

Stevo197

I have been given a price from my personal financial advisor to sort my power of attorney out which includes property and financial affairs....we have been quoted £980...is this right as it seems expensive tho...

Thanks 

sammyjammy

You can do it yourself on gov.uk very easily.

Lasting power of attorney forms - GOV.UK

bownyboy

Me and wife used the online serivice at gov.uk to do this. Its very straightforward and from memory cost something like £70 each. 

MallyGirl

Stevo197 said:

I have been given a price from my personal financial advisor to sort my power of attorney out which includes property and financial affairs....we have been quoted £980...is this right as it seems expensive tho...

Thanks 

It is pretty easy online followed by getting a few witnessed signatures (within a shortish timescale if the docs have to be posted around). It costs £92 each for the health one and the financial one. No need to pay someone else to do it 

Stubod

..simple enough to do it online yourself, the Gov website is very helpful and leads you through the process, 

It now costs £90 for each one, so £180 for both per person, £980 is a complete rip off!! 

Stevo197

Thanks for the advice, think I will have a go myself now...

queline

My husband and I each had both types done with a solicitor last year at a cost of £1500 (so for 4 LPAs). 
Yes, you can do it yourself online, but the expert advice we received was invaluable and they sort out the registration for you.  Money well spent, in my opinion, as you need to be very sure you've expressed your wishes correctly and there are no errors, which could invalidate the forms. 

Albermarle

queline said:

My husband and I each had both types done with a solicitor last year at a cost of £1500 (so for 4 LPAs). 
Yes, you can do it yourself online, but the expert advice we received was invaluable and they sort out the registration for you.  Money well spent, in my opinion, as you need to be very sure you've expressed your wishes correctly and there are no errors, which could invalidate the forms. 

I would agree with your regarding wills, best to get a solicitor to do them.
However you do not need expert advice to set up an LPA, it is just an admin job .

A caveat to that would be if the donor already has some cognitive issues, but still with some understanding.
In this case a solicitor can be useful in making sure they do understand what they are doing, and are not being coerced. This would help in case of any future objections from other family members.
I believe in Scotland a solicitor has to be involved due to this reason. 

Nebulous2

I'm sure all this discussion is about England and Wales, but it is important to note that Scotland is different for POA and it is more difficult (not impossible) to do it yourself. 

Yorkie1

If doing it online, an important thing to be aware of is the need for signatures to be done in a particular order.

Albermarle

Yorkie1 said:

If doing it online, an important thing to be aware of is the need for signatures to be seen to be done in a particular order.

Small amendment. The signatures are done off line, so .....