The Government has recently reduced the fees for registering a Lasting or Enduring Power of Attorney from £110 to £82 from 1st April 2017.
This reduction in fees comes at a time when politicians, charities and professional bodies are encouraging people to make Lasting Powers of Attorney.
A Lasting Power of Attorney grants relatives, carers, friends or close family members the authority to handle the property and financial affairs of a loved one or to take health and care decisions for them (depending on which type of Lasting Power of Attorney is completed), should they become unable to make their own decisions at some point in future. By making a Lasting Power of Attorney, this will make things easier for family and friends to manage your affairs and your care in the future if you should become mentally incapacitated.
The issue has been highlighted largely because of increasing life expectancies and the fact that the proportion of elderly people developing conditions including dementia is rising in tandem.
According to a recent study, as many as 85% of UK adults do not have an LPA in place, despite the fact that the Alzheimer’s Society predicts that the number of dementia cases in the UK will rise by 156 per cent between now and 2021.
We offer competitive fixed fees for preparing Lasting Powers of Attorney so please call us on (01267) 237441 if you would like further information.