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PAUL BECK
OCTOBER 2nd
2018
CHILTERN BUSINESS CONNECTIONS
Wills
Lasting Powers of Attorney
It’s never too soon....
....it can sometimes be too late!
WILLS
Familiar territory
- avoid ‘intestacy’
- provide certainty
- protect vulnerable beneficiaries
- potentially tax savi...
LASTING POWERS OF ATTORNEY
All about what happens if someone:
-loses their mental ‘capacity’
OR
- wants someone else to ta...
LASTING POWERS OF ATTORNEY
What happens if someone loses ‘capacity’ ?
Assets effectively ‘frozen’
- even joint accounts......
LASTING POWERS OF ATTORNEY
Two types:
Property and Financial Affairs
Health and Welfare
A ‘donor’ nominates ‘attorneys’ to...
LASTING POWERS OF ATTORNEY
Attorneys:
One or more - appointed jointly and/or
individually
Have to sign to confirm they wil...
LASTING POWERS OF ATTORNEY
LPAs have to be registered with the Office of
the Public Guardian – before they can be
used.
LASTING POWERS OF ATTORNEY
Costs:
Government fee - £82 per person per
LPA
LASTING POWERS OF ATTORNEY
Costs:
Professional fees vary – check before
proceeding.
DIY option available
LASTING POWERS OF ATTORNEY
WILLS
If you use professional help:
Use someone trusted - recommended
Check credentials
Confirm...
Things to look for in an advisor
- ‘STEP’ qualification
- Professional indemnity insurance
- Trading Standards approved
- ...
That’s all folks
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CBC – Wills and Lasting Powers of Attorney

ALS provides a range of services concentrating on what many regard as ‘must have’ documents
– Wills and Lasting Powers of Attorney.

An initial discussion costs nothing can be arranged in someone’s home or office – so very convenient. There is no ‘hard sell’ on any aspect. It’s for the client to decide on what they would like to do. ALS is there to give advice, to explain what can be done and what costs are involved.

Following that initial discussion – if the decision is to proceed – documents are drafted and a return visit set for them to be reviewed and duly signed and witnessed – so making them properly valid.

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CBC – Wills and Lasting Powers of Attorney

  1. 1. PAUL BECK OCTOBER 2nd 2018 CHILTERN BUSINESS CONNECTIONS
  2. 2. Wills Lasting Powers of Attorney
  3. 3. It’s never too soon.... ....it can sometimes be too late!
  4. 4. WILLS Familiar territory - avoid ‘intestacy’ - provide certainty - protect vulnerable beneficiaries - potentially tax saving - peace of mind...............
  5. 5. LASTING POWERS OF ATTORNEY All about what happens if someone: -loses their mental ‘capacity’ OR - wants someone else to take action on his/her behalf
  6. 6. LASTING POWERS OF ATTORNEY What happens if someone loses ‘capacity’ ? Assets effectively ‘frozen’ - even joint accounts.... More complicated for business owners
  7. 7. LASTING POWERS OF ATTORNEY Two types: Property and Financial Affairs Health and Welfare A ‘donor’ nominates ‘attorneys’ to act on his/her behalf
  8. 8. LASTING POWERS OF ATTORNEY Attorneys: One or more - appointed jointly and/or individually Have to sign to confirm they will act in best interests of the ‘donor’
  9. 9. LASTING POWERS OF ATTORNEY LPAs have to be registered with the Office of the Public Guardian – before they can be used.
  10. 10. LASTING POWERS OF ATTORNEY Costs: Government fee - £82 per person per LPA
  11. 11. LASTING POWERS OF ATTORNEY Costs: Professional fees vary – check before proceeding. DIY option available
  12. 12. LASTING POWERS OF ATTORNEY WILLS If you use professional help: Use someone trusted - recommended Check credentials Confirm costs before proceeding
  13. 13. Things to look for in an advisor - ‘STEP’ qualification - Professional indemnity insurance - Trading Standards approved - Jargon free explanations - Supervised signing - Transparent and realistic pricing
  14. 14. That’s all folks

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