Decisions Affecting Finances

What are Lasting Powers of Attorney – Finance?

A Lasting Power of Attorney (LPA) for property and finance enables you to appoint one or more people you trust to make decisions about your property and financial affairs if you lose the ability to do so yourself. This ensures your property and finances are managed by trusted people of your choice rather than risking the alternative of an uncertain and costly application to the Court of Protection for the appointment of a deputy.

At Pinney Talfourd, our specialist private client solicitors, proudly recognised by the Legal 500, provide tailored advice and practical support to create your LPA, guiding you through each step with clarity and understanding. We serve clients across Essex, London, and beyond.

Why is an LPA for Finance essential?

Many mistakenly believe that next-of-kin automatically gain control over the finances of someone who loses mental capacity. That isn’t the case. Without an LPA, loved ones must apply to the Court of Protection for deputyship – a complex, time-consuming, and expensive process. Preparing an LPA now is an advance decision that gives you control, avoids burdening your family, and ensures your financial affairs are in trusted hands.

Our approach to Lasting Powers of Attorney – Finance

Creating your LPA starts with a personal meeting where we listen carefully to understand your wishes and circumstances. This consultation usually takes about 45 minutes with one of our experienced private client solicitors.

Afterwards, we draft your LPA and send it to you for review. If you want to make changes, we’re happy to discuss by phone, email or in person. We will then make the necessary amendments to ensure the LPA accurately reflects your instructions.

When you’re ready, we’ll arrange a brief meeting to sign the LPA. Your attorneys will also be required sign, either with our assistance at the office, or we can post the LPA to them to sign and return.

Once the LPA has been signed by all of the parties, we deal with its registration with the Office of the Public Guardian.

We offer free secure storage of your LPA until there is a need to use it.
Understanding that life can bring challenges, we provide flexible appointments, including home visits and hospital visits for clients unable to attend our offices. Our fixed-fee structure means you know costs upfront, giving you confidence every step of the way.