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.
What is a Lasting Powers of Attorney?
Unfortunately, there may come a time where individuals become incapable of managing their property and financial affairs, therefore need someone to do this for them. Pennine Law, a friend or relative can be appointed to act on their behalf if this situation arises.
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 allows arrangements for how the Donor's financial and 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 then continues indefinitely.
Safeguarding property from residential care home 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. Anyone who has a wealth of over £23,000, is classed as self-funding, and will have to meet their own residential care fees.
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.