Wills

Making a Will is an important step to help protect your estate and loved ones upon your death. If you were to die without a Will, you are deemed to be intestate. Under intestacy laws, here are strict rules as to how the estate will be divided up and only certain relations are eligible to receive a portion of your estate. If there are no eligible relations, the estate will pass to the Crown, which is known as bona vacantia. Furthermore, an intestate estate only allows a certain amount to be automatically passed to a surviving spouse with the rest of the estate being split with children or other eligible relatives.

Protecting your estate by making a Will is therefore very important. Get in touch with us to receive the best advice about how to make a Will and protect your family.

Lasting Power of Attorney

You can make, register or end a lasting power of attorney (LPA). A lasting power of attorney (LPA) is a legal document that lets you (the ‘donor’) appoint one or more people (known as ‘attorneys’) to help you make decisions or make decisions on your behalf.

This gives you more control over what happens to you if, for example, you have an accident or an illness and can’t make decisions at the time they need to be made (you ‘lack mental capacity’).

You must be 18+ and have mental capacity (the ability to make your own decisions) when you make your LPA.

The Two Types of Lasting Power of Attorney

  • Health and welfare
  • Property and financial affairs

You can choose to make one type or both. There’s a different process in Scotland and Northern Ireland.

Wills

Making a Will is an important step to help protect your estate and loved ones upon your death. If you were to die without a Will, you are deemed to be intestate. Under intestacy laws, here are strict rules as to how the estate will be divided up and only certain relations are eligible to receive a portion of your estate. If there are no eligible relations, the estate will pass to the Crown, which is known as bona vacantia. Furthermore, an intestate estate only allows a certain amount to be automatically passed to a surviving spouse with the rest of the estate being split with children or other eligible relatives.

Protecting your estate by making a Will is therefore very important. Get in touch with us to receive the best advice about how to make a Will and protect your family.


Lasting Power of Attorney

You can make, register or end a lasting power of attorney (LPA). A lasting power of attorney (LPA) is a legal document that lets you (the ‘donor’) appoint one or more people (known as ‘attorneys’) to help you make decisions or make decisions on your behalf.

This gives you more control over what happens to you if, for example, you have an accident or an illness and can’t make decisions at the time they need to be made (you ‘lack mental capacity’).

You must be 18+ and have mental capacity (the ability to make your own decisions) when you make your LPA.

The Two Types of Lasting Power of Attorney

  • Health and welfare
  • Property and financial affairs

You can choose to make one type or both. There’s a different process in Scotland and Northern Ireland.

How To Make A Lasting Power of Attorney

  1. Choose your attorney (you can have more than one).
  2. Fill in the forms to appoint them as an attorney (return the completed forms to us to process for you).
  3. Register your LPA with the Office of the Public Guardian (this can take up to 10 weeks).

It costs £110 to register an LPA, unless you get a reduction or exemption.

MaxLyte Financial can handle all the procedure for an additional modest fee.

Please call 020 7993 2882 to discuss LPA’s in more depth.

Health and Welfare Lasting Power of Attorney

Use this LPA to give an attorney the power to make decisions about things like:

  • Your daily routine, eg washing, dressing, eating.
  • Medical care.
  • Moving into a care home.
  • Life-sustaining treatment.
  • It can only be used when you’re unable to make your own decisions.

Property and Financial Affairs Lasting Power of Attorney

Use this LPA to give an attorney the power to make decisions about money and property for you, for example:

  • Managing a bank or building society account.
  • Paying bills.
  • Collecting benefits or a pension.
  • Selling your home.

It can be used as soon as it’s registered, with your permission.

Health and Welfare Lasting Power of Attorney

Use this LPA to give an attorney the power to make decisions about things like:

  • Your daily routine, eg washing, dressing, eating.
  • Medical care.
  • Moving into a care home.
  • Life-sustaining treatment.
  • It can only be used when you’re unable to make your own decisions.

Property and Financial Affairs Lasting Power of Attorney

Use this LPA to give an attorney the power to make decisions about money and property for you, for example:

  • Managing a bank or building society account.
  • Paying bills.
  • Collecting benefits or a pension.
  • Selling your home.

It can be used as soon as it’s registered, with your permission.