The Ministry of Justice (MoJ) and the Office of the Public Guardian (OPG) have jointly initiated a project to modernise the process of making and registering lasting powers of attorney (LPAs), which may include an element of digitisation. They will be collaborating on a series of scoping events, roundtables and surveys to obtain research that… Read More Modernising Lasting Powers of Attorneys in England and Wales
STEP was one of the bodies most actively engaged in the furore that developed around the Ministry of Justice’s (MoJ) proposal to raise probate fees for some estates from £155/215 to as much as £20,000. One of the things that enraged many STEP members was not just the scale of the increase, but the fact… Read More MoJ in special measures on charges?
The England & Wales Office of the Public Guardian (OPG) published an update in September 2015 providing guidance on financial lasting powers of attorney (LPAs) and how attorneys can delegate investment management decisions to a discretionary investment manager. Under this guidance an attorney can appoint a bank or an IFA to act on their behalf to… Read More Invitation to members – LPA discretionary investment clauses
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