Lasting Power of Attorney Advisors in Bedford & St Neots
What can happen if I don’t have a Power of Attorney?
Here’s an account from The One Show of Heather Bateman’s experience when her husband was left in a coma.
The Repercussions of The 2005 Mental Capacity Act
The Act was set up to protect people who may lack capacity to make some decisions for themselves, at first glance this seems a sensible approach to protect those who are vulnerable and lack the mental capacity to look after themselves.
However, it declares, that no one including the spouse, is allowed access to the assets and accounts (even those held jointly) in that individual’s name.
What does “lacking capacity” mean? Section 2 of the 2005 Mental Capacity Act states: “…a person lacks capacity in relation to a matter if at the material time he is unable to make a decision for himself in relation to the matter because of an impairment of, or a disturbance in the functioning of, the mind or brain”. The impairment or disturbance can be permanent or temporary. Anyone of any age can ‘lose capacity’ common causes are: Accident – Stroke – Dementia.
Why Are ‘Property & Finance’ LPAs So Important?
An incapacity scenario step by step…
must keep detailed accounts and make regular reports to the Court there will be more
fees for different reports estimated at £1,500 each year.
FACT: All of this will go on day in and day out, every month of every year until Fiona’s husband David dies.
The other real tragedy behind this story is that Fiona and David knew that they could have made Lasting Powers of Attorney for a few hundred pounds and could have avoided all the stress, intrusion & bureaucracy from the ‘Court of Protection’, but time and time again they put off deciding until David was struck down and the decision was taken away from them. This is happening in thousands of homes in England & Wales today.
Why Are ‘Health & Welfare’ ‘Lasting Powers of Attorney’ So Important?
Cost of Lasting Powers of Attorney
2 Lasting Powers of Attorney for each person £375 the pair – Fixed Fee
(1 for Property & Finance & 1 for Health & Welfare)
Fees to register your LPAs are an extra £82 each
For a FREE Lasting Power of Attorney consultation get in touch
Your consultation is arranged at your convenience in your home within the Bedford and St Neots area, and further afield in the UK we can arrange an initial consultation for you by telephone.