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Posts tagged “Probate”

Although they are called ‘Lasting Powers of Attorney’, it is possible to change or end your powers of attorney after they are created, provided you still have the relevant mental capacity. This gives you, the donor, more power to decide who will be responsible for managing your affairs. 
Enduring Powers of Attorney (EPAs) are old form powers of attorney pre-2007. Lasting Powers of Attorney (LPAs) were introduced on 1st October 2007 and after this date, it was not possible to create EPAs. 
When an individual passes away, certain forms may need to be submitted to the HMRC or probate registry. If the deceased’s estate falls into one of the ‘excepted estate’ rules then this will be the IHT205 form. 
 
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