A Lasting Power of Attorney (LPA) is a legal document that allows you to appoint someone you trust (your attorney) to make decisions on your behalf if you lose mental capacity. Once you have created an LPA, it is important to register it with the relevant authorities. This includes registering your LPA with Her Majesty’s Revenue and Customs (HMRC).
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Free Initial Telephone Discussion
For a free initial discussion on how we can help you deal with the legal implications of creating a lasting power of attorney, get in touch with us today. We are also experienced in dealing with all aspects of Wills and Probate and we will review your situation and discuss the options open to you in a clear and approachable manner. Early expert legal assistance can help ensure you avoid the stress of dealing with these issues on your own. Simply call us on 0345 901 0445 or click here to make a free enquiry and a member of the team will get back to you.
Why Register Your LPA with HMRC?
Registering your LPA with HMRC is essential for several reasons:
- Authorizing Your Attorney: Registering your LPA with HMRC gives your attorney the authority to deal with your tax affairs on your behalf.
- Preventing Fraud: Registering your LPA can help to prevent fraud by ensuring that only your appointed attorney has access to your tax records.
- Facilitating Tax Matters: Registering your LPA can make it easier for your attorney to manage your tax affairs if you lose mental capacity.
Steps to Register Your LPA with HMRC
- Obtain a Copy of Your Registered LPA: You will need a certified copy of your registered LPA. You can obtain this from the Court of Protection.
- Contact HMRC: Contact HMRC and inform them that you want to register your LPA. You may need to provide them with a copy of your identification.
- Provide the LPA: Give HMRC a copy of your registered LPA.
- Complete Any Necessary Forms: HMRC may require you to complete some additional forms.
- Provide Proof of Identity: You may need to provide proof of your identity, such as a passport or driving license.
Additional Considerations
- Multiple Taxes: If you are liable for multiple taxes (e.g., income tax, capital gains tax, inheritance tax), you may need to register your LPA with HMRC for each tax.
- Joint Tax Returns: If you file joint tax returns with your spouse or partner, you may need to register your LPA with HMRC for both of you.
- Online Services: If you use HMRC’s online services, your attorney may need to register with HMRC to access your tax records.
The Benefits of Registering Your LPA with HMRC
Registering your LPA with HMRC can provide several benefits, including:
- Peace of Mind: Knowing that your attorney has the authority to manage your tax affairs can provide peace of mind.
- Convenience: Registering your LPA can make it easier for your attorney to deal with your tax matters.
- Protection Against Fraud: Registering your LPA can help to prevent fraud by ensuring that only your appointed attorney has access to your tax records.
How we can help
We have a proven track-record of helping clients create a lasting power of attorney. This also includes all the different types, even if you need more than one. We are a multidisciplinary firm and have all the expertise inhouse to satisfy the most exacting requirements of our clients. We will guide you through all the necessary legal due diligence in a comprehensive and timely manner. We firmly believe that with the right solicitors by your side, the entire process will seem more manageable and far less daunting.
How to Contact Our Wills and Probate Solicitors
It is important for you to be well informed about the issues and possible implications of creating a Lasting Power of Attorney. However, expert legal support is crucial in terms of ensuring your wishes are met as you would want them to be.
To speak to our Wills and Probate solicitors today, simply call us on 0345 901 0445, or click here to make a free enquiry. We are well known across the country and can assist wherever you are based. We also have offices based in Cheshire and London.
Disclaimer: This article provides general information only and does not constitute legal advice on any individual circumstances.
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