Powers of Attorney should be granted online, the Financial Conduct Authority (FCA) has suggested in a paper published on Thursday, 21 September 2017.
The FCA has said that the Office of the Public Guardian (OPG), which deals with granting and registering Lasting Powers of Attorney (LPA) and looking after the interests of those who cannot manage their own affairs, should allow people to fill in online LPA forms which would not require an actual or “wet” signature.
Some Solicitors have warned that if this were implemented, it would increase the risk of the elderly being defrauded.
They say that the client has protection from possible bullying by relatives if a Solicitor is involved, and that Solicitors, often with the help of a client’s doctor, can decide upon the client’s mental capacity to create an LPA.
Currently, many people instruct Solicitors, including Scotts Wright, to assist them in preparing LPAs and registering the same with the OPG.
To discuss making an LPA, of which there are two – one for money and property matters, and another for health and well-being – or to make an appointment, ring whichever is the most convenient of our offices:
01969 622227 or 01748 832431.