The government is reforming the law on making lasting powers of attorney (LPAs) in England and Wales. The main purpose of the legislation is to reform the overall process of making and registering a lasting power of attorney to make it safer, easier and more sustainable.… Read More The Powers of Attorney Bill – Reforming LPAs in England & Wales
The Ministry of Justice (MoJ) and the Office of the Public Guardian (OPG) jointly initiated a project to modernise the process of making and registering lasting powers of attorney (LPAs) in England and Wales in November 2020. STEP was invited to sit on the Modernising Lasting Powers of Attorney (MLPA) stakeholder working group and has… Read More Modernising Lasting Powers of Attorney
STEP has received an unprecedented number of enquiries regarding Mr Steven Long and the companies of which he is a Director, namely Universal Tax Solutions of Dencora House, 34 White House Road, Ipswich, Suffolk, IP1 5LT, which traded as Universal Wealth Preservation. Associated companies include Universal Asset Protection Ltd and Universal Trustees Ltd. Mr Steven… Read More Are you a client of Universal Wealth Preservation?
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
The Office of the Public Guardian in England and Wales published a practice note on 15 February 2016 (below) clarifying how solicitor deputies should manage deputyship funds. Whilst the information is widely understood as best practice, it is a helpful reminder regarding the administration and management of deputyship accounts. The law states that all deputies… Read More The OPG: How solicitor deputies should manage deputyship accounts