'Never too early' to appoint a LPA
Considering making a lasting power of attorney
is something that should be considered by everyone, regardless of their age, one expert has said.
A lasting power of attorney
gives people the chance to appoint someone they trust to look after their affairs should they become incapacitated, which can happen when an individual least expects it.
Alex Edmans, product manager at Saga, highlighted that contrary to popular belief, this is not only an issue which needs addressing by old people.
She noted that a power of attorney needs to be registered with the Court of Protection, which costs £120 and could put people off.
However, Ms Edmans pointed out that people could easily rack up solicitors' fees of between £200 and £300 if they suddenly find they need control of a person's financial affairs.
Solicitors' fees can be saved with Lawpack's Power of Attorney Kit
which includes expert guidance from a solicitor and all the lasting power of attorney forms you need, for less than £20.
Published on: May 25, 2011
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