Rogers & Norton News
The Private Client team at Rogers & Norton have been encouraging clients to put a Lasting Power of Attorney in place for some time now. With a combination of our aging population, together with greater restrictions and controls when accessing funds for a third party, the need to act promptly and prior to any loss of capacity is crucial.
It’s good news that it’s proposed that on 1 April 2017, the registration fee for a lasting or enduring power of attorney in England and Wales will be cut from £110 to £82. The fee for a repeat application to register an LPA will also fall from £55 to £41.
The Office of the Public Guardian says the increasing volume of applications means the income it receives in registration fees now exceeds the cost of the service. This illustrates how many more people are taking the sensible and necessary steps to support family members.
Louisa Shailes comments “The team have been recommending that everyone should be planning ahead for later life, so that the potential burden on their friends and relatives is eased in the future. Here at Rogers & Norton we have an experienced and knowledgeable team who can help and advise you on the best course of action.”
For further information regarding LPAs, please contact any of the following: