Inheritance Tax (IHT) is primarily a charge on your assets on death, including your share of assets jointly held with another person. However, lifetime gifts made within seven years prior to your death can also be brought back into charge. IHT is also...
Lasting Powers of Attorney
You can use Lasting Powers of Attorney to appoint someone you trust to look after your financial affairs or make decisions about your personal welfare if you are unable to do so.
In place of face-to-face meetings, we are very happy to arrange scheduled telephone or video meetings and are finding these work well. Email or call us so that we can discuss how best we can help you.
Experience and expertise
A Lasting Power of Attorney (LPA) can be a really useful arrangement to have in place. However, it is also important that you think carefully about what powers or restrictions you put in place within an LPA and whom you appoint as your attorney(s). We can draw on considerable experience of preparing LPAs to advise you on what arrangements might best suit your situation and wishes.
You can choose one or more people as your attorney and name replacements if your first choice(s) cannot act in the future. You can choose whether they can make decisions separately or jointly.
Finances & Personal welfare
An LPA for finances covers all assets but you can limit your attorneys’ powers and give guidance. We will advise on the suitability of restrictions. Once it is registered with the Public Guardian, it can be used when you need help.
You can appoint attorneys for your personal welfare, including healthcare. Subject to restrictions, your attorney can make decisions if you lose mental capacity to do so and your LPA is registered.
Enduring Powers of Attorney
An Enduring Powers of Attorney (EPA) made before 1st October 2007 remains valid. If you wish to change it, you should make an LPA.
If you do not have an EPA or LPA and lose mental capacity, you may not be able to choose who is appointed to deal with your finances. Family or a solicitor will need to apply to the Court of Protection for authority to at on your behalf.