- Ian Walker from Peter Lynn and Partners issues warning following FCA’s call to turn lasting powers of attorney (LPAs) fully digital
- Proposals would remove the need for a physical ‘wet signature’
- Solicitors say this could lead to a drastic increase in cases of financial abuse
Local solicitor Ian Walker from Peter Lynn and Partners has joined fellow members of Solicitors for the Elderly in warning against proposals to turn the LPA registration process fully digital.
An LPA is a powerful legal document that allows a person to appoint trusted individuals to make important decisions about their finances and property on their behalf. Under the current process, a ‘wet signature’ – the physical signing of the document – is required by individuals who wish to register an LPA. But in a paper released on Thursday, the Financial Conduct Authority (FCA) called for a fully digital system, whereby documents could be registered…
After Denzil Lush, the former Senior Judge of the Court of Protection warned that Lasting Powers of Attorney (or LPAs) might leave elderly people open to abuse, Ian Walker looks at LPAs and how they can be completed properly.
An LPA is a powerful legal document that allows a person to appoint trusted individuals to make important decisions about care and finances on their behalf, in the event of a loss of mental capacity through an accident or illness such as dementia.
In the foreword to a new book on the subject, Mr Lush raised concerns about the “lack of transparency”…
Peter Lynn and Partners are proud to welcome Katherine Simpson to their Mumbles office.
Katherine, who joined the firm in May, specialises in residential conveyancing and has an unrivalled knowledge of the property market in Mumbles and Gower. Katherine commented, “I am looking forward to working from the Mumbles office and continuing the client relationships I have built over many years”.
Her appointment comes at a time of growth for the Newton Road branch on the back of high local demand for wills, probate and family law services. Peter Lynn, Senior Partner, commented: “The office is a key part of the…
An ageing population faces challenges but lasting power of attorney offers protection and control over vital affairs.
In the UK, the number of over-65s now outnumbers people aged under-16 for the first time in our history. During the last century, life expectancy increased by 30 years but managing our affairs as we get older can, for some, prove difficult.
Declining health, sudden illness and dementia can all mean that we struggle with day-to-day management of house-hold and financial affairs and there may come a time when a trusted friend or loved one would be better suited to pick up the reins.
It is entirely possible to apply for probate and deal with an estate, without seeing a lawyer, but it’s not without risks warns legal group, Solicitors for the Elderly (SFE).
Many professionally drafted wills contain trusts to save tax, to avoid those who inherit paying care fees and to reduce the likelihood of potential disputes. SFE members have noticed an increase in ‘DIYers’ returning to them to seek advice when they have made a mistake or find the paperwork too tricky. Mrs A’s will had included a tax saving trust, but when her husband administered the estate, he paid the…
Preparing for your death is important and making sure that your estate will pass as intended is essential. This can all be achieved by preparing and wording your Will correctly.
You may find that there are many options available to you when preparing a Will from downloading a template online to purchasing “off-the-shelf” wills from many high-street stationary businesses. Whilst these may save money in the short term, if not prepared correctly could result in your wishes not being carried out.
Janelle Carter-Jones, Wills and Probate Specialist at Peter Lynn and Partners commented “You should be cautious when drafting your Will…
When asked “Do you have a Will?” These are the responses people sometimes give:
- “We have not been married long – we do not need to write a Will yet”
- “Why do I need a Will – I have nothing to pass on”.
- “We already have a Will – we had it written years ago”.
- “We had a free Will written recently – it was an optional extra when we opened a bank account”.
- “We have a young family and there is so much going on at the moment, we have not got around to it”.
Many people may resonate…