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ISSUE5 SUMMER2006 ![]() |
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Objecting to the registration of an EPATaking on the role of a loved one’s attorney, under an enduring power of attorney (EPA) is a decision that should not be taken lightly, especially as your future duties might cause family tension. The Law Society is recommending that the capital gains tax exemption on transfers of assets following separation or divorce be extended beyond the tax year of separation.For example, once you believe that the person who granted you this power (the ‘grantor’) is, or is becoming, mentally incapable of managing their own affairs, you will need to register the EPA and then inform both the grantor and any close relatives. They then have a limited time to object to the registration if they feel that:
If you need advice on your duties as an attorney, or on the registration of an EPA, or if you have doubts about the good faith of an attorney, please contact: |