LPA

Finance LPA

A Finance (formerly known as Property & Affairs) Lasting Power of Attorney (LPA) allows the appointed attorney(s) to deal with the donor’s (the person who made the LPA) financial affairs from bank accounts, to tax, right through to buying and selling property.

How much does a Finance LPA cost?

QLAW charges just £250 (+VAT) for a Finance LPA. That includes everything from drafting the forms for you, to being your Certificate Provider, to lodging the LPA with the Office of the Public Guardian (OPG) where it is formally registered.

Any Court fee is payable by you separately as a ‘disbursement’. This is payable whether you use a solicitor to deal with the LPA or not.

LPA HOTLINE!

03300 020 853

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Other LPA Services

Health LPA

Certificate Provider

Attorney Services

Deputy

Legal guides

FAQs

A property & affairs LPA is a legal document where you can appoint someone on your behalf to make decisions relating to your property and financial matters.

Depending on which option you select when making the LPA you can elect for them to act whilst you have capacity and if you lose capacity.  You can also restrict it so they can only act when you no longer have capacity.

There are two types of Lasting Power of Attorney.  They are:- 

  • Property & Affairs LPA 
  • Health  & Welfare LPA 

Yes, your attorney can sell your house!  This assumes that there are no restrictions in the Lasting Power of Attorney precluding this. 

  • Property can include any property (eg a house, flat or commercial unit) in your name.  It can also include land. 
  • Affairs include anything financial from operating bank accounts, dealing with pensions, the DWP right through to mobile phones and DWP 

You need to complete form LP1F and send it to the Office of the Public Guardian to be registered.

Yes, an EPA does cover property & affairs. Have a look at this article to see the difference between EPAs & LPAs.

Under a Lasting Power of Attorney (LPA) you look after the donor’s money as they would otherwise have done had they not lost capacity.  That will include:- 

  • Their bank accounts/ savings accounts 
  • Property 
  • Pensions  
  • Benefits 

No!  A Lasting Power of Attorney is unlikely to be recognised abroad.  LPA’s are a legal document recognised and valid in England & Wales.

As an attorney your legal responsibility is to act in the donor’s best interest and taking reasonable care when making decisions on their behalf.  You must act in accordance with the LPA and the powers/ restrictions contained within the LPA.  You must help the donor make decisions where possible rather than simply making decisions on their behalf or taking control. 

An attorney must always act in the best interest of the Donor – the person who made the LPA. You must help the Donor reach their own decisions first.  If they are not able to then you can make the decision.  You must follow any instructions or restrictions contained in the LPA.  Attorneys should take into consideration the preferences that the Donor has made. 

Under the property and financial affairs Lasting Power of Attorney, the LPA may give the Attorney authority to make decisions whilst the donor still has mental capacity to make decisions their selves.  If this option is not selected, then the Attorney can only make decisions once the Donor has lost capacity. 

LPA Prices

Finance LPA

£350inc VAT
  •   Draft all forms
  •   Certificate Provider
  •   Submit to court
Find out more

Health LPA

£350inc VAT
  •   Draft all forms
  •   Certificate Provider
  •   Submit to court
Find out more

Certificate Provider

£125inc VAT
  •   DIY LPA
  •   Certificate Provider only
Find out more

Deputy Application

£1,850inc VAT
  •   Application to the court of protection for the appointment of a Deputy
Find out more

Attorney Services

TBA
  •   Professional Attorneys
Find out more

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Contact

Whichever of our expert solicitors you need to talk to, we’ve made it as easy as we can to be available to you.  So whether you need to speak to your conveyancing solicitor, or your wills and probate solicitor – get in touch with QLAW today!

03300 020 853

ept@QLAW.co.uk

(Estate Planning Team)

Skinner House, 38-40 Bell Street,
Reigate, RH2 7BA

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