The Modernisation of Lasting Powers of Attorney
A Power of Attorney is a legal document that can enable someone to act on your behalf. Having a Lasting Power of Attorney (LPA) is one way to safeguard yourself and give you peace of mind that someone you trust can take charge of your affairs.
You may require an LPA for a number of reasons. For example, a short stay in a hospital where you need assistance with paying your household bills. It may also be in place to assist with long-term situations, for example, a diagnosis of dementia.
The Power of Attorney Act 2023 received Royal Assent on 18th September 2023, to make the LPA system safer, faster and more efficient.
The new system is expected to improve the waiting time between submitting an LPA application and the registration of the document with the Office of the Public Guardian. It is also expected that any errors in paperwork will be picked up and dealt with quicker than the current system.
The changes will also see a more robust verification process for identity checks to safeguard anyone who may be vulnerable from falling victim to coercion or fraud.
There are two types of Lasting Power of Attorney, Property & Finances and Health & Welfare. Some opt to make both LPAs whereas some will make one or the other. AT TMJ Legal Services we take the time to discuss matters with you and explain the purpose of each LPA.
You can find more information regarding LPAs here. Alternatively, get in touch with a member of our Private Client team who would be happy to discuss matters further.
TMJ Legal Services
TMJ Legal Services has been helping individuals and businesses since 1986. We offer a range of advice and services.