Wills and lasting Powers of Attorney
A Single Will is for one person. You can make a Single Will whether you have a partner or not.
Mirror Wills are two separate legal documents that are practically identical in almost every way, except for the name of the person and perhaps their individual funeral wishes. .A simple example of what a man and woman, married or not, with children could write into their Mirror Wills, is that the man leaves everything to the woman and the woman leaves everything to the man and whichever dies last leaves everything between their children in equal shares
Lasting Powers of Attorney
An attorney is someone who you have decided should have legal authority to deal with your affairs, if there comes a time when you’re unable to deal with them yourself. This can be a friend, a relative or a professional, but it’s important that your attorney is someone you trust. You appoint an attorney in a legal document called a ‘Lasting Power of Attorney’. There are two different types of Lasting Power of Attorney – one covers health and care decisions, and one covers financial decisions. You can have one or both types of LPA in place. Once you have made a Lasting Power of Attorney then it needs to be registered with the Office of the Public Guardian in order to be activated. If you have a Health and Care Decisions LPA then the person you have nominated to be your attorney can only manage your affairs when you become unable to make decisions yourself – perhaps because of old age, illness or injury. If you have a Financial Decisions LPA then you can choose whether your attorney should be able to act for you now or only if you become unable to make your own decisions in the future.
If you have both types of Lasting Power of Attorney, you can choose the same attorney/s for both, or you can choose different attorneys for each. For instance, you might like one person to manage your finances, but another to manage your day-to-day welfare. Couples can make Mirror Lasting Power of Attorneys, nominating each other or the same people to act as their attorneys. Technically you can have as many attorneys as you like but it is common to appoint between one and four attorneys., if you only appoint one attorney and that person dies before you, you won’t have an attorney in place. This would render your Lasting Power of Attorney ineffective. You can avoid this by appointing multiple attorneys or by putting replacement attorneys in place .If you do decide to appoint more than one attorney, you need to decide how you want them to act – either ‘jointly’ or ‘jointly and severally’. Jointly means that all your attorneys have to make decisions together. Jointly and severally means that they can each make decisions on their own, without the agreement of the other attorneys
HOW MUCH DOES IT COST TO MAKE A WILL OR A LASTING POWER OF ATTORNEY
Our fixed fee Wills cost £150 for a Single Will and £200 for Mirror Wills. We charge £500.00 for a fixed fee Lasting Power of Attorney. Our Charges are not subject to VAT.
In the case of a lasting power of attorney there is also a registration fee payable to the Court of Protection amounting to £82. However, If the person who made the LPA receives certain means-tested benefits no fee is payable. Also, If the donor’s income before tax is less than £12,000 a year the fee is reduced to £42.00
Call 0844 824 3984 for an appointment