Lasting Powers of Attorney Pricing
We feel strongly that it is better to draw up both a Lasting Power for Health and Welfare and one for Property and Financial Affairs, so that both you and your finances can be looked after should the need arise.
Our Expertise
Our Charges
Our charges are made up of our fees for the work we carry out, and disbursements which are expenses payable to other people. Where VAT is referred to below please note that this will be charged at the applicable rate which is currently 20%.
The cost of a Property and Financial Affairs LPA and Health and Welfare LPA for one person is £550 + VAT at 20% (£660 including VAT)
The cost of a Property and Financial Affairs LPA and Health and Welfare LPA for two people is £950 + VAT at 20% (£1,140 including VAT)
What's included
Meeting with you and discussing the purpose and function of the LPAs and who you would want to act as your Attorneys and replacement Attorneys
Preparing the LPAs based on your instructions and sending drafts to you for approval
Meeting with you again to check the LPAs and to commence the signing process to ensure that all the necessary requirements are met for the LPAs to be valid
You will need to obtain values for all assets including bank accounts, houses and land and personal possessions.
Arranging for your Attorneys to sign either at our offices or remotely
Submitting the forms to the Office of the Public Guardian for registration
Storing the original LPAs and providing you with certified copies for use by your Attorneys as and when required
What's not included
Please note that the quote we give below is only for the work set out above.
In particular, the scope of our instruction does not include:
- Checking the suitability of your Attorneys to act on your behalf
If any additional work is required at any stage, we will discuss this with you and provide a revised quote before any additional work is carried out.
In these cases we will charge you at the hourly rate of the person dealing with the matter (between £290 and £365 plus VAT at 20%, or between £348 and £438 including VAT), but this will always be discussed with you before any charge is made, and you will be given an estimate of the costs involved.
Admin Fees
In addition to our professional fees, we charge the following standard administration fees:
- Onboarding fee: £15 plus VAT (per client)
- Bank administration fee (if applicable): £30 plus VAT per transaction
- SDLT administration fee (if appliable): £30 plus VAT
Disbursements
Disbursements are costs that we pay on your behalf to third parties in relation to your matter (such as barrister’s fees, court fees, land registry fees and other similar charges).
The only disbursement payable in this matter is the registration fee due to the Office of the Public Guardian of £82 per LPA
Timescales
As a rough estimate, we expect that it will take between approximately 5-6 months to complete the work set out above, dependant on the time taken by the Office of the Public Guardian (the OPG) to register the LPAs.
The OPG are currently taking 16 weeks to register LPAs.
We can also help with:
A Lasting Power of Attorney for Property and Financial Affairs only
A Lasting Power of Attorney for Health and Welfare only
Lasting Powers of Attorney prepared, but not registered at this time
Fancy a chat?
*Privacy Policy
