LPAs - My Fortress

At My Fortress, we can help you to understand your LPA options and whether a Lasting Power of Attorney (LPA) might be right for you and your family situation.

Preparing a Lasting Power of Attorney (LPA) document that's registered can safeguard your interests throughout your life.

If you were unfortunate to suffer from an illness or accident that affects your ability to make your own decisions having an LPA in place is invaluable. You cannot retrospectively appoint people to help you with decisions. This must be done through an application to the Court, which can be lengthy and at considerable expense.

Many people think that your spouse or next of kin automatically has the right to look after your affairs however this is a misconception. An LPA is required, and attorneys must be identified via an LPA before the Donor loses mental capacity. Lacking an LPA, making decisions on someone else’s behalf can be a very difficult legal path through deputyship.

An LPA isn’t just for the later stages in life; younger people can become incapacitated through ill health or by an accident. By having an LPA in place, you can help to ensure that your wishes regarding your continued welfare and financial affairs are carried out as you intended, providing you with peace of mind.

At My Fortress our team can help guide you through the complexities of a Lasting Power of Attorney to help ensure that you have the right LPA in place for your circumstances.

There are two types of LPA:

Health and welfare LPA

A Health and Welfare LPA appoints one attorney or more to help make medical and care decisions. This could be which treatments to consent to, or where you live and receive care.

Property and financial affairs LPA

A Property and Financial Affairs LPA appoints one or more attorney to help with property matters and help manage your finances. This could be selling property, paying invoices and bills and managing accounts.

Why choose an LPA?

An LPA gives you the power to appoint a trusted person to help you make decisions, should you ever need them. Without this legal document in place, should you lose capacity, an application may have to be made to the Court for deputyship. Even when the authority is granted by the Court, it may not necessarily be the person you would have chosen for the role.

Having an LPA prepared protects you from the need to do this, and gives you control in how your affairs are attended to.

Although some people may find that they are able to complete LPA application process without advice, it can be a difficult terrain to traverse for the unfamiliar.

An LPA is a legally binding document, and it is important that it is completed and filed with the Office of the Public Guardian correctly. It is easy to make mistakes or misunderstand the importance of certain parts of the process. This is why we recommend consulting with a professional service to provide expert guidance and assistance in preparing documents.

When you arrange an LPA with us, you can rest assured you are getting the best advice, so that if the worst happens, you have the ones you trust looking after you and your affairs.

Our frequently asked questions

Why should I consider professional assistance when making an LPA?

It is of vital importance that you make the correct decisions when choosing your attorney(s), deciding how they should act, and deciding which powers to give them…

When should I make a Will?

If you haven’t had a Will prepared before
If you are not married and wish your partner to inherit
If you have not updated your Will since marriage
If your financial situation has changed
If you have stepchildren

Why do I need an LPA?

A Lasting Power of Attorney is a vital legal document that everyone should have in place in case the worst should happen, and you can’t make important decisions for yourself. If an LPA is not in place by this time, it can be a long and expensive court process through “Deputyship” to get the help you need, without the guarantee that the person that you wish is nominated. A well written LPA guarantees that your affairs are in order so that should the worst happen, you are prepared and protected.

What can cause a Will to fail?

There are many ways a will can fail:

Attestation (signing) issues- If the will isn’t signed and witnessed correctly, it can fail.

The original Will is lost or damaged- Copies of the original are not acceptable in their place.

The testator lacked capacity- If the subject of the will did not have the mental capacity to make the Will, it is invalid.

The Testator was under undue influence- If the subject of the Will was not acting freely in writing the Will, it is invalid.

Some parts of a Will may fail where others are valid, in this case (partial intestacy) the gifts that are valid succeed, and those that are not fail.

It is important that you get the drafting of your Will right, having professional help from My Fortress’ professional Will writers can give you peace of mind that your wishes are reflected completely and legally in your Will.

What can a Will do for me?

Avoid intestacy: Make it easier on your surviving relatives by making a valid will. Intestacy may also come with expensive lawyer’s fees.

Avoid family conflict: Remove any ambiguity as to your wishes and avoid the potential for arguments among beneficiaries.

Choose who will (and who won’t) inherit: Give specific gifts to your loved ones, and even choose to leave people out, who may stand to inherit if you do not make a valid Will.

Guardianship: Nominate trusted friends or relatives to look after your children.

Funeral wishes: Make your funeral wishes clear to your family so that you have peace of mind that your preferences are written down and unambiguous.

Estate planning: A valid Will can be drafted in a way to minimise the estate’s liability to Inheritance tax, as well as being efficient for beneficiaries.

How much Inheritance tax (IHT) will I pay?

The standard rate of IHT is 40% over anything in your estate over the ‘Nil Rate Band’ of £325,000. There are numerous other allowances that may be relevant in your circumstances (for example if you own a house). It is also important to note that gifts to spouses are usually exempt from inheritance tax.

How can I deal with the family home?

You must know how your property is owned: either solely or as a ‘Joint Tenancy’ or ‘Tenants in Common’. If it is as a joint tenancy, the ownership of the property will pass to the other joint owner(s) and isn’t disposed with by your Will.

If you own the home as ‘Tenants in Common’ then your Will can be used to gift your home to any of your beneficiaries or leave it to form part of your residuary estate to be left in shares between multiple beneficiaries. You can also leave a property on trust, so that a beneficiary can live in it for a set period, before it is released to its final beneficiary (remaindermen) to own.

What are the two types of LPA?

There are two types of LPA: A health and Welfare LPA and a Property and Financial Affairs LPA.

A Health and Welfare LPA appoints one attorney or more to help make medical and care decisions. This could be which treatments to consent to, or which assisted living facility to live in. This LPA only comes into effect after it is registered with the Office of the Public Guardian (OPG) and the Donor has lost mental capacity

A Property and Financial Affairs LPA appoints one or more attorney to help with financial matters and help manage your finances. This LPA only comes into effect once it is registered with the OPG, though the donor has the choice in drafting whether they wish to have the LPA active as soon as it is registered, or only if the donor has lost capacity.

Why should I not delay in preparing and registering an LPA?

An LPA can only be registered if the Donor (the subject of the LPA) has the mental capacity to do so. If you wait until it is too late, the LPA will not be able to be registered by the Office of the Public Guardian. In this case, a Deputyship order may have to be requested from the courts, a much longer and often considerably more expensive process.

Another reason is that the waiting times for registration are quite long, with some reporting up to 20 weeks wait for confirmation that their LPA has been registered. Its best to get your affairs in order in good time to ensure that you can rely on the help of your chosen Attorneys when you need it.

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