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8th November 2017
Setting up a trusted family member or friend with a Lasting Power of Attorney (LPA) ensures that someone else is able to make important decisions for you when you’re no longer in a position to be able to make them for yourself. But this in itself is always going to be a key decision in your life, so it’s important to consider the benefits and risks before going ahead with giving another person the authority LPA unlocks.
LPAs come in two types: one covering money and property, and the other covering health and welfare. On average, a lawyer will charge £400 to file an LPA, with the cost rising to £600 to file both types of LPA at the same time. There is also an £82 registration fee for each application.
It is possible to make an application yourself, and this can be done online. However, it’s strongly recommended to apply through a solicitor to ensure no mistakes are made and that the person in question is not being put under pressure to do something they don’t understand or want to do. It’s also possible to appoint more than one person through an LPA for added protection, meaning that both people will need to provide signatures in order to make any decisions.
