Property & Finance LPA

What is a Property & Finance LPA?

A Property & Finance Lasting Power of Attorney can be used to give your chosen attorneys the power to make decisions about your properties, financial assets and expenses within England and Wales.

What does it cover?

A Property & Finance LPA gives your attorneys the power to make decisions about how your financial and property assets are handled. These decisions include the power to:

Buy and sell properties in your name.
Withdraw and deposit money from your bank accounts.
Manage payment of bills, mortgages and other expenses using your financial asset

How much does it cost?

Individually, a Property & Finance LPA will cost from £99 per person subject to service you proceed with. This excludes the Office of the Public Guardian’s registration fees.

How long does it last?

Property & Finance LPA’s are unique in that a donor can choose when they wish for their attorneys to take over management of their assets, either at a time of their own choosing or only once they lose mental capacity. The Power of Attorney ends once the donor has passed away.

What if I don’t have a Property & Finance LPA?

Without a Property & Finance LPA in place, your next-of-kin will have no say in decision-making about your properties and finances. Bank accounts are frozen, properties will be sold and bills will be unable to be paid without applying for deputyship.

The process of applying for deputyship from the Court of Protection is a very long, expensive and stressful process for families that can be avoided with an LPA so it is best to set one up sooner than later.