Part of the plan: LPAs are the missing piece of the advice jigsaw

Legislation aims to improve lasting power of attorney system

clock • 2 min read

Justin Rourke looks at the importance of putting LPAs in place as part of a well-rounded financial plan...

The process of completing a lasting power of attorney (LPA) has often been considered time-consuming and confusing, but new legislation aims to modernise this process and could be a vital piece of the jigsaw when it comes to implementing a secure financial plan for you and your family.     The Powers of Attorney Act 2023, which received Royal Assent in September, has been introduced to make the system easier to access, quicker to use and more secure from fraud. The Act will bring into operation a new online system for registering LPAs alongside an improved paper application process.   ...

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