As life expectancy increases, handling your financial affairs later in life can become more difficult, due to both physical and/or mental incapacity. We recommend that all individuals (whatever their age) provide for this by making a Lasting Power of Attorney (LPA).
We recommend that all clients should consider making an LPA. An LPA is a very powerful financial document and its main purpose it to avoid a situation occurring in the future whereby a client is no longer able to handle their own affairs due to physical or mental incapacity. An Application has to be made to the Court of Protection for a Deputy to be appointed to act on their behalf. If a person in unable to handle their affairs and it is too late for an LPA, then the Court of Protection route is usually the only option available. This can be complicated, time consuming and indeed expensive.
Our expert term of Solicitors will be able to assist you in creating an LPA, which together with your Will, will give you peace of mind as to how your financial affairs are to be dealt with not only following your death but also later in life.
Where there is no LPA in place and the client is no longer capable of handling their own financial affairs, then a third party must apply to the Court of Protection. Although this can be a complicated and time consuming process several members of our private client team have many years experience in dealing with the Court of Protection and will be able to personally guide you through this process. We offer home visits to the elderly, infirm and disabled.
Main Services:
- Preparation and Registration of Lasting Powers of Attorney
- Court of Protection Deputyship
- Approval of life time gifts scheme for Inheritance Tax Planning for Court of Protection patients
- Approval of Life Time Gift Scheme for Inheritance Tax Planning for Court of Protection patients
