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 (LPA). 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 LPA 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?

It is true that a LPA must be registered before it can be used. This is a major change from an Enduring Power of Attorney (EPA) which is valid when signed and only has to be registered if and when the person giving it becomes mentally incapable. Many EPAs never need to be registered.

Because of the expense of registration, many clients Make a LPA and do not register it. It can be registered later if the client becomes mentally incapable. Until then, the client continues to manage his or her own affairs.

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:    Is available     

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