Power of attorney: A powerful position not to be taken lightly

Application process streamlined but onerous role unchanged

clock • 4 min read

Richard Burgess looks at the responsibilities that come with taking on lasting power of attorney and says while the application process has been streamlined the role remains a tough one...

In September the Powers of Attorney Act received Royal Assent. This means that within months the process to register a lasting power of attorney (LPA) will, so the government hopes, be both quicker and simpler to complete. While the process to become an attorney may be eased, anyone agreeing to take on the onerous role should not be lulled into taking on the appointment by a streamlined appointment process. Having been appointed, the first question an attorney should ask themselves is when they are able to make decisions on behalf of the person who has made the LPA - known as the "don...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

'Christmas has come early for the government' – IHT receipts rise

'Christmas has come early for the government' – IHT receipts rise

Budget tax changes and rising take highlight advice value, experts say

Jen Frost
clock 20 December 2024 • 2 min read
No more IHT relief on pensions: How to maximise alternative tax-efficient vehicles

No more IHT relief on pensions: How to maximise alternative tax-efficient vehicles

In the light of the government’s latest Budget

Jordan Wheatley
clock 19 December 2024 • 5 min read
Changes to agricultural and business relief explained

Changes to agricultural and business relief explained

Government will publish a technical consultation in early 2025

Julia Peake
clock 11 December 2024 • 4 min read