Richard Burgess: Attorneys should always look 'gift horses in the mouth'

LPAs and gifting explained

clock • 4 min read

Lawyer Richard Burgess explores the strict set of rules applied to LPAs and gifting in his latest article for Professional Adviser

Lasting powers of attorney (LPA) allow someone, a 'donor', to choose someone they trust, their 'attorney', to make important decisions on their behalf if they cannot do so for themselves. These are potentially very useful powers which negate the necessity for a lengthy and costly application to the Court of Protection after mental capacity has been lost. A Financial Decisions LPA gives attorneys significant authority, such as to pay bills and manage finances on the donor's behalf. The LPA also allows the attorney to make gifts on the donor's behalf. Gifts can be an effective form of i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

CGT tax changes force advisers to rethink planning strategies

CGT tax changes force advisers to rethink planning strategies

‘CGT is no longer a peripheral issue for advisers or their clients’

Jenna Brown
clock 10 March 2026 • 2 min read
Webinar today: IHT on pensions – Advisers' questions answered

Webinar today: IHT on pensions – Advisers' questions answered

Join us on 10 March 2026

Professional Adviser
clock 10 March 2026 • 1 min read
BPR changes versus commercial reality: Minority shareholders in focus

BPR changes versus commercial reality: Minority shareholders in focus

'Someone is sitting in the shade today because someone planted a tree a long time ago'

James Woods-Davison
clock 05 March 2026 • 4 min read