- Price Transparency Era - Toward the end of 2018 The Solicitors Regulation Authority introduced new rules to ensure clients have the best possible information on solicitor’s fees at the outset. Law firms are now required to publish price and service information on their website for the following areas of law; residential conveyancing, probate and employment tribunal claims to name a few. The aim is to provide greater transparency to clients enabling them to make informed decisions about their legal matter.
- Grants of Representation - A Grant of Representation is the document required to confirm your authority to deal with the estate of an individual who has died. A Grant of Representation can be necessary whether or not the deceased left a Will.
Power of Attorney
A Power of Attorney is a legal document which gives a legal authority to one or more individuals of your choice so that they can deal with your affairs on your behalf.
There are several different types of Powers of Attorney:
Lasting Power of Attorney
There are two sorts of Lasting Power of Attorney:
- Property and Financial Affairs
- Health and Welfare
You can make either one or both types of Lasting Power of Attorney. These documents must be registered with the Office of the Public Guardian before they can be used.
Prices for Lasting Powers of Attorney start from £300 plus VAT. There is also a Court Fee of £82 to register each document.
Enduring Power of Attorney
Before October 2007, Enduring Powers of Attorney were used to appoint specific person(s) to deal with an individual’s finances on their behalf. It is no longer possible to draw up a new Enduring Power of Attorney, but existing ones signed before October 2007 should be valid.
These documents must be registered with the Office of the Public Guardian if the individual who drew up the Enduring Power of Attorney is beginning to lose capacity.
The price for the registration of an Enduring Power of Attorney starts at £350 plus VAT. In addition, there is a Court Fee of £82 for the registration of the document.
General Power of Attorney
A General Power of Attorney is a short document appointing a specific person or persons to deal with either your finances as a whole or a specific asset. A General Power of Attorney usually only lasts for a specific time period and the authority of the attorney ceases if the person who made it loses mental capacity.
The cost for drafting a General Power of Attorney starts from £150 plus VAT.
Please download our Lasting Powers of Attorney PDF for more information.