Lasting Powers Of Attorney £125 in Horsham & Crawley Area
Lasting Powers Of Attorney £125 in Horsham & Crawley Area
The Future is unpredictable and no one likes to think that at some stage in their lives they will not be able to make their own decisions or will need help carrying out day to day activities but unfortunately this is very common, it could be through old age, illness or injury. Lasting Powers of Attorney are legal documents that can authorise people you trust to make decisions on your behalf. this could be because you can no longer make decisions yourself or it may just mean you want a family member to act on your behalf to deal with certain matters such as dealing with your bills or your banking.
A lasting power of attorney is an essential part of estate planning and must be made while you still able to make your own decisions, it can be created to take effect either immediately or when you have lost mental capacity depending on your preferences.
If you do not have a Lasting Power of Attorney in place and you lose mental capacity, have a stroke, an accident or are hospitalised then no one automatically step in to make decisions for you. If this was to happen your loved ones would need to apply to the court of protection to act on your behalf which may mean that while the court process is reviewing your situation there is no one that can undertake your day to day financial responsibilities or to make decisions regarding your health and welfare.
There are 2 types of Lasting Powers of Attorney that you may need:
Property & Finance Lasting Powers of Attorney
Property and Finance Lasting Power of Attorney covers decisions relating to
· Buying and selling any property you own.
· Operating bank accounts.
· Paying bills.
· Claiming benefits or pensions.
· Making and filing tax returns
· Managing household expenses
· Managing care and medical costs.
· Making gifts on your behalf (charities)
· Tax planning
Health and Welfare Lasting Power of Attorney
This allows your Attorney to make decisions on your behalf such as:
· Deciding on appropriate care & place of residence as appropriate.
· Deciding on your permanent place of residence.
· Consenting to or Refusing medical treatment for your benefit
· Choosing your social activities
· Deciding on the level of care you may need.
· Making decisions about diet and personal appearance.
If you don’t already have a Power of Attorney in place we can help you prepare for every possibility please call us on Horsham 01403 432866 or email martin@rainefinancial.co.uk. Our prices start at £125 per Lasting Power of Attorney.
Property & Finance Lasting Power of attorney, Health & Welfare Power of Attorney both Require registering with the Office of the Public Guardian their fees are an Additional £82 each although discounts may be available for those in receipt of certain state benefits
For Expert Advice on Creating Your Lasting Power Of Attorney Contact Us Today on 01403 432866 or email: martin@rainefinancial.co.uk
Many couples with joint bank accounts assume that they do not need a Lasting Power of Attorney as they already have control over each others finances but the fact is when a joint account holder loses mental capacity they are no longer able to give permission to the other account holder to access the joint bank account.
When this happens the Bank will freeze the Joint accounts and the account holder who still has capacity will have to apply to the Courts for Deputyship in order to manage the accounts.
Applying for Deputyship can take around 6 months to be granted and can cost several thousand of pounds in legal, court and annual fees as well as the disruption caused by having limited access to your own finances.
This can be avoided by putting in place a Lasting Power of Attorney at a fraction of the cost and without the Bank needing to freeze your bank accounts.
If you leave it to chance and need to apply for Deputyship the fees below give an indication of what it may cost you per application.
Application fee £408.00
If The Court decides a Hearing is required £496.00
Deputy initial Assessment Fee £100.00
Annual Supervision Fee £320.00
This could mean that to apply for Deputyship for both Property & Finance, and Personal Welfare could cost you up to £2,448 plus the annual fees of £640.00, this is also assuming that you are applying to the Courts on your own without any Legal advice which may cost a further £300+ per hour.
For as little as £250 we can prepare your Property & Finance and your Health & Welfare Lasting Powers of Attorney to ensure you are protected.
Call or email us today and we will arrange for a free home visit where we can discuss your needs and take your instructions to create your Lasting Powers of Attorney.
Call Horsham 01403 432866 or Email martin@rainefinancial.co.uk
Raine Financial Ltd
50 Hurst Court, Horsham West Sussex RH12 2EW
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Raine Financial Ltd