The costs involved in setting up a Lasting Power of Attorney (LPA) for property and affairs can vary depending on several factors, including where you live and whether you choose to use a solicitor or complete the process yourself. Here are some of the potential costs you may incur:
- LPA application fee: In England and Wales, there is a fee of £82 per application to register an LPA for property and affairs.
- Solicitor fees: If you choose to use a solicitor to set up your LPA, you will need to pay their fees. The cost of using a solicitor can vary, but it’s usually several hundred pounds.
- Certificate provider fees: You will need to have someone sign your LPA to confirm that you understand what you are doing and that you are not being pressured into it. This person is called a certificate provider, and they may charge a fee for their services.
- Copying and postage fees: You may need to pay for photocopying and postage costs to send your LPA application to the Office of the Public Guardian.
It’s worth noting that if you receive certain means-tested benefits, you may be eligible for a reduced or waived application fee.