Call Us Now
020 8567 2221
Call Us Now
020 8567 2221
ADVICE AND SERVICES IN RELATION TO LASTING POWER OF ATTORNEY IS NOT PROVIDED UNDER THE AGENCY OF INTRINSIC, AND INTRINSIC ACCEPT NO RESPONSIBILITY FOR THIS ASPECT OF OUR BUSINESS. THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE ADVICE AND SERVICES RELATED TO POWER OF ATTORNEY.
It should be noted that the information contained in this section relates to our current understanding of the law of England & Wales as it relates to Lasting Power of Attorney which is subject to change. Laws in other parts of the UK will differ.
There may come a time when, because you are incapable of managing your property and financial affairs or personal welfare, you will need someone to do this for you.
You can formally appoint a friend, relative or professional to hold a lasting power of attorney that will allow them to act on your behalf. Lasting power of attorney (LPA) in England and Wales has no legal standing until it is registered with the Office of the Public Guardian. A lasting power of attorney is a legal document that lets you appoint someone you trust as an 'attorney' to make decisions on your behalf.
It can be drawn up at any time while you have capacity, but has no legal standing until it is registered with the Office of the Public Guardian.
A registered LPA can, unless the document states differently, be used at any time, whether you have the mental ability to act for yourself or not.
You can create two types of LPA:
A Property and Affairs LPA allows you to choose someone to make decisions about how to spend your money and the way your property and affairs are managed.
A Personal Welfare LPA allows you to choose someone to make decisions about your healthcare and welfare. This includes decisions to refuse or consent to treatment on your behalf and deciding where you live. These decisions can only be taken on your behalf when the LPA is registered and you lack the capacity to make the decisions yourself.
You may not be able to check up on the attorney yourself if you become incapable, so it may be a good idea to appoint more than one person to help prevent abuse of the responsibility. Choose people you can trust to act in your best interests. You should consider how well they look after their own financial affairs and whether you can trust them to use your money to meet your needs.
Depending on the complexity of your property and financial affairs it may be a good idea to get advice from a solicitor before making an LPA.
You can get further advice from the Office of the Public Guardian about making an LPA.
Either you or your attorney can apply to the Public Guardian to register your LPA. The application can be made at any time after you have made an LPA.
Before the application to register the LPA is made, the people named as being entitled to receive notification of the application must be told by the person who wants to register it.
The Public Guardian will give notice that the application has been received to:
Your relatives will not be notified of the application to register the LPA unless you have named them as being persons who should be given notice.
Anyone who has been notified can object to the LPA being registered.
Once the LPA is registered it continues indefinitely. The LPA can be registered by the attorney after you have lost capacity.
Lasting power of attorney replaced the enduring power of attorney (EPA) on 1 October 2007. A person given power under an EPA before 1 October 2007 can still use it and apply to have it registered. This person has a duty to apply to register the EPA as soon as they believe that you are becoming or have become mentally incapable of making financial decisions for yourself.
If you have an unregistered EPA and still have the capacity to make decisions for yourself, you can make a Personal Welfare LPA to run alongside it.
Lasting power of attorney (LPA)
You can cancel your LPA if you have the mental capacity to do so. If there is a dispute about whether your LPA has been cancelled, the Court of Protection has the authority to make a decision.
A Property and Affairs LPA is revoked if you or your attorney becomes bankrupt; bankruptcy does not terminate a Personal Welfare LPA.
Enduring power of attorney (EPA)
You can cancel an unregistered EPA if you have the mental capacity to do so, without applying to the Court of Protection.
To cancel a registered EPA you must show the Court of Protection:
An EPA is revoked if you or the appointed attorney becomes bankrupt.
Read less
REQUEST A CALL BACK
TESTIMONIALS
Robert Taylor of FPS London was recommended to me last year and I have since transferred my financial affairs to his care.
I find Robert knowledgeable and thorough in his professional advice, thoughtful and reliable in his personal manner. He has invested a great deal of time and care in understanding my financial priorities and concerns. It is clearly important to him to build up a comprehensive picture of his clients’ financial current and future needs, and to structure his guidance and pragmatic advice with these in mind.
I contacted Robert two and a half years ago as I approached retirement. He reviewed my finances and pensions and clarified everything for me. He was very patient and spent time explaining options that over time have proved to have been excellent choices. He has since helped my wife and continues to provide an outstanding service.
Robert at FPS London is very good at taking time to explain clearly and concisely the various options that are available in the complex world of pension planning. He has taken time to understand our wider financial picture, risk attitude and future plans to ensure that the options he suggests are directed by these plans and not the other way around. He ensures that you are making any decision fully informed of all the facts and is very good at explaining some of the more tricky aspects of pension planning in terms that we can understand.
As someone coming to financial planning as a complete novice, I was lucky enough to have Robert Taylor of FPS London recommended to me. I have always found Robert to be very knowledgeable, always approachable, and above all very patient when trying to explain the complexities of financial planning to someone who has no prior knowledge of the subject.
How great it is in this day and age to come across a company like FPS London and a person like Rob Taylor who, as a local Ealing businessman, is committed to supporting sport in the community. We are delighted that he has agreed to sponsor our football team, Pitshanger U9 C Team. Rob exudes those long lost qualities of reliability, trust and integrity and I hope our young boys pick up on this for the future. I am confident that his clients are in good hands.
"Before being introduced to Robert Taylor, our only experience of financial planning was with large banking institutions. We often felt when we left these meetings none the wiser to what they were doing with our money. This is the total opposite with Robert we look forward to our regular meetings with him. We have been very impressed with the way he will take time to explain and explore different investments opportunities while listening to where we are at with our current financial situation. We are for the first time beginning to understand the financial world and our attitude to risk within it.
"I first contacted FPS London two years ago to help me with my financial planning – in the areas of investments and IHT planning. Robert was and continues to be extremely helpful in enabling me to achieve my goals. He does the research, advises me and then lets me make my own decisions. I am not pressurised in any way. This is very important to me in my relationship with a financial adviser. I hope we will continue to work together for many years."
"I had the chance in April 2013 of a 5 month internship with FPS London as part as my studies. I am just completing my first year of a Masters Degree in France and I am studying Finance with a specialization in bank and wealth management. My objective of this internship at FPS London was to gain significant experience in wealth management but also to improve my English.
CONTACT US
Financial Planning Service (London)
Russell House
Kingsdown Avenue
Ealing
London
W13 9PR
T: 020 8567 2221
Email Us
Financial Planning Service (London) is an appointed representative of Intrinsic Wealth Limited and Intrinsic Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.
© Copyright 2018 - Adviser Pro - All Rights Reserved
Design and Developed by Adviser Pro © 2018