Thats interesting.
Some big decisions to make here.
Getting power of attorney........any advice to make it smooth/easy?
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Some big decisions to make here.
Yes.... she told me today that another relative has already suggested to her that they 'look after her affairs". I can see it hitting the fan when they find out
. But I have broad shoulders 
HaHa.....I am 72 and we recently had a 'meeting' with our daughter & S.I.L. to give them an update on our affairs. Can't believe I will be doing this for someone elseI've thought about doing that with my kids, but I reckon I'll get a text message along the lines of, "we nearly had you a care home where the beds are nice and soft, but unfortunately the going at Sandown wasn't".
ClichéGuevara
Legendary Member
- Location
- Kingston upon the River Hull
HaHa.....I am 72 and we recently had a 'meeting' with our daughter & S.I.L. to give them an update on our affairs. Can't believe I will be doing this for someone else
Being serious, it's a compliment to you that they trust you. I keep telling my own parents, I'd rather see them spend every penny they've got enjoying themselves and being comfortable, than receive a brass farthing in their will. Luckily the rest of the family are of a like mind. My parents keep giving us money so they can see us enjoy it. I just pass it straight to the kids to help with house deposits etc. I absolutely refuse to get into an argument over finances of that nature,as it's disrespectful. If a relative decides to be greedy and challenge things, I'm more liable just to let them have it, and leave it it to lay on their conscience.
There are many things money just can't buy.
D
Deleted member 26715
Guest
The problem with that is they won't have a conscience & think they are entitled to it.
Nice comment.
My family have told us the same and we help them out when possible.
TBH we dont need the aunty's money and will never spend what we already have. She told me "i feel so happy knowing you are doing this for me"......I could not say no to her.
oldwheels
Legendary Member
- Location
- Isle of Mull
I looked at getting POA on line for myself and having my son and wife as named executors. The process in Scotland at least seemed so cumbersome that I was totally discouraged from this route and we got a solicitor which was much easier. There has to be an element of trust but they will get all my assets eventually anyway.
In the meantime the forms lie dormant but require my permission to be implemented unless I am totally incapacitated. Without the POA in place there would be endless complication in the unfortunate event of my incapacity. The solicitor had to be satisfied in interview that I was of sound mind when agreeing to this arrangement.
In the meantime the forms lie dormant but require my permission to be implemented unless I am totally incapacitated. Without the POA in place there would be endless complication in the unfortunate event of my incapacity. The solicitor had to be satisfied in interview that I was of sound mind when agreeing to this arrangement.
@oldwheels can I ask how much the solicitor charged.
I have just spoken to the aunty's solicitor and they want £1000.00. A THOUSAND POUNDS seems a lot to me.
I have just spoken to the aunty's solicitor and they want £1000.00. A THOUSAND POUNDS seems a lot to me.
oldwheels
Legendary Member
- Location
- Isle of Mull
Dave I cannot remember accurately but it was only a couple of hundred I think. This was a solicitor who had dealings with my family already so the charge may have been less than a one off. It is a somewhat convoluted process but they generally charge what they think they can get away with. You can get estimates so shop around and you should be able to gauge the average. I will see if I can find the cheque stub if it is still around.
Sea of vapours
Guru
- Location
- Clapham, Yorkshire Dales
Whilst it's often useful to instruct solicitors to do things, rather than doing it yourself, in the case of LPOAs it really is remarkably straightforward and it's not at all obvious to me what value a solicitor adds. Have a look at the LPOA forms and if you think you need professional, legal help in completing them then fair enough, use a solicitor, but I suspect you won't. As I recall, the base cost for registering each type of LPOA is a little under a hundred pounds, so any charge will be that plus hourly rate, which is easily going to add up to 'several hundred pounds'.
oldwheels
Legendary Member
- Location
- Isle of Mull
Dave 7 I have found the cheque stub and it cost £300 in 2017 so my guess was not far out.
@oldwheels and @Sea of vapours
The solicitor in question has been her solicitor (as a company) for 50 years so aged 94 she sticks with them.
I think they are extremely expensive eg they want £200 to make one simple change to her will.
TBH I am only doing this as she insists I am the person she trusts but as she has a few bob I am happy to let a solicitor handle it.....at a fair price. I will shop around.
LPOA is £82 per section ie financial or health.
The solicitor in question has been her solicitor (as a company) for 50 years so aged 94 she sticks with them.
I think they are extremely expensive eg they want £200 to make one simple change to her will.
TBH I am only doing this as she insists I am the person she trusts but as she has a few bob I am happy to let a solicitor handle it.....at a fair price. I will shop around.
LPOA is £82 per section ie financial or health.
I had LPOA for my late Father's affairs a few years back. I did it all on line and it was quite easy. It also saved the solicitors fees which can be hefty. I had both, the health and welfare and finance. It saved a lot of fuss and as stated before you can use it how much or little as agreed between the parties.
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D
Deleted member 26715
Guest
Tell them to go play with each other, ought to be less than £200 (Edit:- @oldwheels says £300 which I still believe is on the expensive side). I'd be explaining that to your aunt & advise you are looking around, I would also ensure that they are not executors on the will, or when she goes it will be a good old hand rubbing day for them.
fossyant
Ride It Like You Stole It!
- Location
- South Manchester
We did it ourselves and it's quite cheap - but it's a bit of a pain getting it signed off by various witnesses.
TBH £1k doesn't surprise me - there is quite a lot of form filling (on-line), but given other family interests, then using a solicitor is safer. Remember, you want to be impartial, and there would be a cost in 'time' for you to fill everything in - it takes a few hours by the time you've gone over it and checked it, plus lots of pages to check.
TBH £1k doesn't surprise me - there is quite a lot of form filling (on-line), but given other family interests, then using a solicitor is safer. Remember, you want to be impartial, and there would be a cost in 'time' for you to fill everything in - it takes a few hours by the time you've gone over it and checked it, plus lots of pages to check.
