It is impossible to gain Lasting Power of Attorney (LPA) once someone is deemed unable to make financial decisions, and the process is time-consuming so it makes sense to do it beforehand.
However, since 2007, anyone who wants to put LPA in place must pay to register it with the Office of the Public Guardian. An existing Enduring Power of Attorney (the old name for a similar power before 2006) only needs to be registered once the person whose affairs it concerns is deemed mentally incapable.
Currently it takes 12 weeks for LPA to be granted by the Office of the Public Guardian. The registered attorney can only make decisions for the person who gave it once they lack the capacity to do so themselves.
You will need to download forms from www.directgov.co.uk in order to make a LPA, and must pay separately for two different types: health and welfare, which covers any medical decisions; and property and finance.
These cost �120 each to register. If you make an error and the application is rejected, you have to pay the fee again when you resubmit; the forms are complicated, so many people use a solicitor. Those earning a low income or on certain benefits are exempt from the charge.
The submission must also include a statement from a certificate provider, who verifies the state of mind of the person granting power of attorney and that they are not acting under duress. A certificate provider can be someone known to the person for two years or someone who has a professional skill or knowledge about their situation ? a doctor, social worker or solicitor, for example. It cannot be a family member.
Once the LPA is obtained, financial institutions will require either the original or a solicitor-certificated copy to access accounts.
boston bankruptcy attorneys boston bankruptcy lawyer bankruptcy attorney boston bankruptcy lawyer boston massachusetts bankruptcy attorney
Walang komento:
Mag-post ng isang Komento