Power of Attorney
STEP launches GRP to tackle financial abuse
Acting as a template for a lasting power of attorney
57% of inheritance advisers seen instances of financial abuse or suspected it
Including cases of lasting power of attorney coercion
3.4m over 75s yet to arrange a Power of Attorney
As older retirees unaware of it’s importance
130,000 Lasting Power of Attorney applications rejected in past five years
On average it takes 91.5 working days to register and dispatch an LPA application
Best Practice | 13 Mar 23
Modernising the lasting power of attorney process
Changes will be a ‘positive step’ towards improving the process of making and registering LPAs