News

About PWJ Solicitors

We have served generations of individuals and local businesses, providing comprehensive legal advice.

The Law Society - Conveyancing

31

Oct

2019

New Office of the Public Guardian Advice Available for Deputies and Attorneys Investing on behalf of Donor

New OPG Guidance for Investment on behalf of a Donor

The OPG guidance issued on 8th May 2019 which is aimed at lay attorneys and deputies.  The guidance very clearly lays out basic information relating to the duties and obligations of deputies/attorneys when looking to invest on behalf of a Donor under an LPA or Deputyship order:

https://www.gov.uk/guidance/investing-for-someone-as-their-attorney-or-deputy

One example of the advice given is to only invest in institutions whose accounts are covered by the FSCS scheme.

Please contact our team of specialist lawyers if you wish to discuss any aspect of Lasting Powers of Attorneys or Deputyship applications.

Our Locations

Our office locations
New Rules for Registration of  Relevant Trusts and Declarations of Trusts Relevant Trusts in existence at 6th October 2020 (even if subsequently closed) must be registered with the new Trusts Registration Service by 1st September 2022 to avoid penalties and charges.  This rule also applies to relevant property trusts where the legal ownership position differs from the equitable ownership position; for example where a Declaration of Trust sits behind the Title with details of equitable owners such as where parents have loaned money to purchase a property and have their interest protected by a Declaration of Trust but are not named on the Title Register. Trusts formed after this date may also be subject to complex registration requirements. Please contact us if you are concerned that the above may apply to your Trust and would like advice or assistance with the process.