Recent Freedom of Information (FOI) data reveals that in the past five years, there have been nearly 130,000 instances of Lasting Powers of Attorney (LPAs) being declined since 2018. This comprises approximately 52,057 rejections related to Health and welfare LPAs and roughly 75,791 rejections concerning Property and finance LPAs.
The primary reasons for these LPA rejections include:
a) Discrepancies in the signing order, involving the donor, certificate provider, and attorneys.
b) Missing or incomplete information, as well as omitted details pertaining to individuals referenced in the LPAs.
c) Errors in the witnessing process.
d) Inclusion of unfeasible requests within the LPAs.
e) Modifications made to the LPAs without proper initialling and dating.
Presently, there are significant bottlenecks in the registration of LPAs. Consequently, any rejection only exacerbates these delays further, leading to increased costs and frustration for those involved.
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The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.