Increase in LPA registrations in 2023 – statistics reveal

Today's media reports that "Statistics from the Family Court reveal a notable surge in Lasting Power of Attorney (LPA) registrations in 2023, surpassing a million for the first time."

The data, covering October to December 2023, indicates a 37% rise in registrations, credited to the aging demographic.

It's worth noting that even a straightforward LPA can take up to 20 weeks to establish. The significance of LPAs as crucial legal instruments, empowering individuals to appoint trusted representatives to act on their behalf when they lack mental capacity remains an essential part of Estate Planning.