Power of Attorney Refund Scheme
- 6th March 2018
- No comments
The Ministry of Justice has launched a scheme to refund those who have paid more than they should have for applying to register powers of attorney. Those who paid a registration fee for a lasting or enduring power of attorney between 1 April 2013 and 31 March 2017 can apply for a partial refund as they were charged more than was necessary.
Nearly 2 million people who overpaid for power of attorney arrangements over the past five years will be able to claim a refund of up to £54 under the new scheme.
During the relevant period, the Office of the Public Guardian’s operating costs came down as more people applied to register a power of attorney. The process became more efficient, but the application fee charged was not decreased to reflect the reduced processing costs.
Refunds range between £34 and £54 (depending on the year you paid the fees), plus 0.5% interest.
Claim your refund by 31st January 2021.
Lasting Power of Attorney
Lasting power of attorney is a legal document that allows someone to make decisions for you, or act on your behalf, if either you’re no longer able to or you no longer want to make your own decisions.
Maria Cosslett, Partner and Head of Probate, Wills and Trusts at Loosemores commented:
“Generally people underestimate the importance of putting in place a lasting power of attorney and choosing who they trust to manage their affairs; whether in relation to their property and finances or health and welfare issues. All too often when family members/close friends need to assist it is too late for a lasting power of attorney to be set up”.
Maria is a highly experienced lawyer who specialises in probate, wills and trusts including lasting powers of attorney and Court of Protection matters. Learn more about lasting power of attorney or contact Maria Cosslett