Lasting power of attorney (property & finance)
The short answer
LPA for property and money decisions
- Price from
- £350.00
- Time on site
- 1 to 2 hours (consultation)
What you get
You get a legally drafted and registered Lasting Power of Attorney (LPA) document, ensuring your financial and property decisions are made by trusted individuals.
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When do you need a Lasting power of attorney (property & finance)?
You should consider setting up a Property and Finance LPA when you are still mentally capable, as it can only be made when you have the capacity to understand it. It is essential for future planning and peace of mind.
What happens on the day
During your appointment, your solicitor will guide you through the process of completing and signing the LPA document. They will also serve as a certificate provider, confirming you understand the LPA and are not under any undue pressure.
How to prepare
- Decide who you want to appoint as your attorney(s).
- Consider if you need replacement attorneys and who they might be.
- Think about any specific instructions or preferences for your finances.
- Gather identification documents for yourself and your attorneys.
- Discuss your intentions with your chosen attorneys beforehand.
How to improve your result
- Choose attorneys who are trustworthy and good with financial matters.
- Discuss your financial wishes openly with your attorneys.
- Consider appointing more than one attorney for checks and balances.
- Review your LPA periodically, especially if circumstances change.
Why it is useful day to day
Provides security and peace of mind, knowing your financial and property affairs will be managed by someone you trust, according to your wishes, should you ever lose capacity.
Why we ask these questions
We ask about your nominated attorneys, replacement attorneys, specific wishes for property and finance management, and any restrictions you want to place. This ensures the LPA accurately reflects your intentions.