There is bad news about the Lasting Power Of Attourney forms, you need really to fill in BOTH parts of the form if you have money and property to
safeguard. The dual form however costs £240 punds to register with the government ( British price ). They also take 13 weeks to process and can be
refused if any errors are found in them and they have to be re-submitted, which presumably takes another 13 weeks. They are however free if you are on
benefits & there are also incremental reductions in price if you are earning £16 Thousand pounds a year or less.
There are also online firms which offer the service online for prices of between £50 to £70 and they claim that they are instantly active at some
places, however this is something else to be looked into as the government want to keep the waiting list long and drawn out, presumably to avoid the
risk of someone pulling a fast one on them and covering themselves at the last moment.
They can also be filled in at a solicitors, but allegedly this can cost up to £500, with obviously no discounts offered for people on benefit. So if
you are thinking of doing this, either for you and your family, or for an elderly relative etc, please remember the amount of time it may take. It
aint cheap, but it would stop the Robbing Hood Government from selling your home and posessions and emptying your bank accounts and if they know that
you have one registered, may stop you taking an unnessecery holiday to your local mental hospital for six months, or untill your money runs out. They
say as we get older, we get more forgetful, well soon, even that may qualify as a mental incapacity.
One last point, if one of us were to have an accident which puts us in hospital for an extended period of time and another family member wants to act
on your behalf financially, they would first have to make an aplication, which usually takes about twelve months to process, in the intervening time
the court will appoint a professional guardian to act for you, that person will charge you for everything they do for you, and re-emburse the hospital
for care that you require, if they can keep you there long enough, the result will be the same, you will probably have nothing to come out to.
However, if you have a LPA form which has cleared ( about 13 weeks remember ) then YOUR appointed guardian, which you chose and trust, can act for you
and your best interests immediatly !
You know it makes sense !
edit on 13-9-2011 by Qwenn because: spelling