If you do not hold Lasting Powers of Attorney documents your nearest and dearest may apply to the Court of Protection to be your Deputy and this is where it can all start to get expensive.
In the 20/21 tax year you must pay:
You set up the bond with a security bond provider. The amount you pay depends on the value of the Estate of the person you are a Deputy for and how much of their Estate you control.
The best way to avoid the costs involved is simply to ask us to arrange your Lasting Powers of Attorney documents without delay.