Questions about lasting powers of attorney:    

1. Should only elderly people consider making a lasting power of attorney?

Elderly clients are especially advised to make a lasting power of attorney. However, even younger clients could suffer an accident which could render them mentally incapable.

2. Will I still be able to do things for myself after I have made a lasting power of attorney?

Yes. Making a power of attorney does not mean that you cannot manage your own affairs as long as you can and want to. Some clients make a lasting power of attorney but leave it with us to hold safely for if and when it is needed. Until you become mentally incapable you can cancel it (i.e. remove an attorney) and/or make another one.

3. I have heard that the power of attorney needs to be registered?

This is true, but only if you become mentally incapable. If your attorney believes you are becoming mentally incapable it has to be registered with the Court. This is relatively simple. Many Powers of Attorney never need to be registered.

4. How long does it take to make a lasting power of attorney?

This can usually be arranged in only a few days, or even quicker in case of urgency.

For further information and an indication of costs, without any obligation, please send your name and address by post, or contact the office on 020 8675 6755.

       

Wallace & Co., Solicitors and Notaries. 11a Station Parade, Balham High Road, London, SW12 9AZ (entrance in Ravenstone Street).
Tel: 020 8675 6755. Fax: 020 8675 2001.
email:    
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