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There are around 6 million Lasting Powers of Attorney registered with the Office of the Public Guardian in England and Wales. Despite this, the benefits of these important planning measures are not that well known.
There will be an estimated 1 million people in the UK with Dementia by 2030.
If you have assets, or liabilities, and may need someone to help you if you were to become unable to deal with these, for instance through accident or illness, a Lasting Power of Attorney would be key in accessing and protecting your financial affairs. Your Attorneys could step in and do what needs to be done.
Lasting Powers of Attorney are flexible allowing you to choose who looks after you finances and on what terms. You can even do a Lasting Power of Attorney to help with healthcare decisions on your behalf including decisions around life sustaining treatment.
If you lose mental capacity, and do not have an LPA, someone will have to apply to Court on your behalf for the power to make decisions for you. This can cost a lot more, and take a lot longer, than an LPA.
We have an experienced and dedicated team who are ready to discuss how a Lasting Power of Attorney could help you. Telephone now on 01606 74301 and ask for Kyla or Melissa.