In addition to setting up a Lasting Power of Attorney (LPA) there are a number of costs and fees that need to be taken into account.
The Office of the Public Guardian charges £82 to register each LPA. Since most people set up two LPAs (one for property and financial affairs and one for health and welfare), this would cost £164 in total. UK website. for those with income below £12,000).
Solicitor Fees
A solicitor’s charge for drawing up an LPA can range from £300 to £600 plus VAT for each LPA, depending on the quality of service and the amount of work and advice required to complete the LPA.
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The Certificate Provider: If you are using a solicitor to make your LPA then the signing by a third party (the Certificate Provider) will usually be included in their overall fee to you. If however you are making the LPA yourself then you will need to find someone to act as your Certificate Provider and pay them for their time. Power of Attorney Hertfordshire is worth getting right.
When DIY Makes Sense
Providing LPA support for straightforward circumstances which you feel able to complete by way of the Government’s online forms would be perfectly reasonable. Support however is provided for more complex family situations; for support in relation to assets held in business names and many more situations where there is a doubt about a person’s capacity to enter into a LPA and as such professional advice would be more appropriate in order to obtain the correct support.
Finding Local Help
Even people living in Hertfordshire with complex family situations or business assets with many parties involved, can use the services of a local specialist in drawing up a Power of Attorney.
It’s worth remembering that if you get the costs clear before you start the process, you’ll be aware of what’s expected of you.
