By Laura Bright
In April this year the Office of the Public Guardian for England and Wales (the OPG) reduced the registration fee for lasting powers of attorney (LPAs) from £110 to £82 per power.
The OPG said that the registration fee was being reduced because the increasing volume of applications meant that the income received in registration fees was beginning to exceed the cost of service.
However, the OPG have now announced that they have been charging excessive registration fees for the last four years, without having any legal authority to do so.
The Society of Trust and Estate Practitioners (STEP) have reported that the Ministry of Justice owe approximately £89 million to its customers, and that those who have been overcharged will be refunded this financial year. Full details of the refund scheme are to be announced in due course.
If you have been affected and would like to discuss the matter, please contact us on 01228 514077 and ask to speak with a member of the Private Client team.