DIY Lasting Power of Attorney (LPA) vs. Professional Service: What You Need to Know
Are you considering putting a Lasting Power of Attorney (LPA) in place yourself, perhaps using the government's online service?
While a DIY approach can seem appealing for its perceived simplicity and cost savings, it's crucial to understand the nuances and potential pitfalls. For most, the complexities involved mean that critical details are easily missed.
This guide explores the common issues we consistently see with DIY LPAs—from the critical decision of appointing attorneys 'jointly' vs. 'jointly and severally' to the logistical headaches of the strict signing process—and explains why professional guidance can make all the difference.
By the end, you'll have a clear understanding of your options and how to ensure your LPAs are truly effective, providing the lasting peace of mind you deserve.
Pensions & Inheritance Tax: What the 2027 Changes Mean for Your Estate (UK)
Worried about the new pension Inheritance Tax rules coming in 2027?
From April 2027, unused pension funds will be included in your estate for Inheritance Tax purposes - potentially adding £34,000 to some families' tax bills. If you previously thought your pension was safe from IHT, these changes could significantly impact your estate planning.
At Westwood Estate Planning, we help you navigate these new rules through comprehensive estate valuations and strategic planning, including lifetime gifting and trusts.
Don't let uncertainty rob you of peace of mind - book a free 15-minute chat to understand how these changes affect you and explore your options.
Understanding LPA Costs in the UK: What Are You Really Paying For?
Are you considering Lasting Powers of Attorney (LPAs) but feeling overwhelmed by the varying costs and wondering what you're truly paying for? Many find the world of LPA costs confusing, especially with tempting cheap online options.
This guide breaks down the elements influencing LPA costs, emphasizing that true value lies in professional guidance that prevents future problems and ensures your documents genuinely reflect your wishes.
At Westwood Estate Planning, we offer a clear, fixed-fee service that includes an in-depth consultation, expert drafting, and unique ongoing support for your chosen attorneys.
Beyond our fees, a standard £82 government registration fee applies per LPA, with potential remissions. We explain why 'cheapest isn't always best,' detailing common pitfalls of DIY or very cheap LPAs, such as incorrect attorney appointments or procedural errors, which can lead to significant future costs and distress.
Our aim is to provide robust, legally sound LPAs, giving you profound peace of mind. Ready for clarity? Book a free, no-obligation 15-minute chat to discuss your specific LPA needs and discover how Westwood Estate Planning can help you secure your future with confidence
Choosing the Right Guardian for Your Will: What you need to know
Learn how to select the ideal guardian for your children in your will, covering responsibilities, key considerations, and legal steps for their future.
Choosing the Right Executor for Your Will: What you need to know
When making your Will, you carefully detail your wishes for your loved ones and assets. But have you considered who will actually carry out those crucial instructions after you're gone? This vital responsibility falls to your Executor.
Discover why choosing the right Executor is one of the most important decisions you'll make, ensuring your wishes are honoured and providing peace of mind for your family.
Can I use my Will to protect my share of my home? - Part #2
Explore the risk of 'sideways disinheritance' in this article by Gary Tonsley of Westwood Estate Planning.
Using a unique analogy with Elsa's castle, Gary illustrates how your home might unintentionally pass outside your family, leaving your children without their intended inheritance. Understand this crucial pitfall and discover why protecting your share of your home with a Will is vital.
Stay tuned for solutions in the next installment.
How do I protect my assets using my Will?
Discover how your Will can protect your valuable assets, from your home to your vinyl collection, ensuring they go to your chosen loved ones in the right way. Gary Tonsley of Westwood Estate Planning explains the power of Trusts as "estate planning bodyguards" to safeguard your wishes and provide peace of mind. Learn why asset protection is crucial for your legacy.
Why you might want to use a professional to make your lasting powers of attorney - Part #2
Considering a Lasting Power of Attorney (LPA)? While DIY options exist, navigating the legal complexities can lead to critical errors.
Discover the top 5 reasons to choose a professional: from expert guidance on the Certificate Provider role and strategic attorney selection to precise wording, streamlined logistics, and the ultimate peace of mind that comes with robust, effective LPAs. Ensure your future is protected with confidence.