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Pennine Law are experienced and skilled in working with the elderly. Our ethos is a personal, friendly and sympathetic approach, assisting all our clients in planning and managing their affairs most effectively in a wide range of situations.
People sometimes become incapable of managing their property and financial affairs and need someone to do this for them. Pennine Law, a friend or relative can be appointed to act on their behalf.
Lasting Powers of Attorney
A Lasting Power of Attorney is a legal document whereby a person (the Donor) can appoint someone they trust to make decisions on their behalf. This document can be drawn up at any time whilst the Donor understands the implications of the document. A Lasting Power of Attorney has no legal standing until it has been registered with the Office of The Public Guardian. The registration can be attended to as soon as the document has been signed or alternatively registration can be postponed until such it is needed in the future.
There are two types of Lasting Powers of Attorney, one which deals with decisions about how to spend the Donor’s money and the way their property affairs are managed and the second enables the Donor to make decisions about their healthcare and welfare.
Once a Lasting Power of Attorney is registered it continues indefinitely.
Safeguarding property from residential care home fees
Did you know?
Anyone who has capital of more than £23,000* is classed as self-funding and will have to meet their own residential care fees.
When a person moves into a residential care home a capital assessment is undertaken to assess what assets they own and such assets in the person’s sole name will be used towards their care. A one half share of joint assets will also be taken into account.
Did you know?
There are ways of protecting of your assets and Pennine Law’s role is to protect family wealth and provide confidential advice on all family trust and probate matters. Pennine Law has a well established reputation for taking a practical and sensitive approach and can assist you through the complexities of saving your home.
*as at March 2013