Lasting Powers of Attorney: The awkward conversation

By 22nd March 2021 Probate No Comments

We don’t like to think about getting older and what that may mean for our physical or mental health. We certainly don’t like to think that one day we may not have the capacity to be able to deal with our finances and our health needs and having the conversation with our loved ones can be distressing.

There are over 1 million people currently in the UK suffering from Dementia, with Alzheimer’s being the most common form. This is expected to rise to over 2 million by 2031.

Unfortunately, all too often we are approached by clients where their loved one has lost capacity through mental illness, a stroke or accident, which has left the family unable to deal with their financial affairs or health needs as no provisions have been put in place.

Lasting Powers of Attorney

Lasting Powers of Attorney (LPA) are documents that allow you to appoint the trusted people in your life to deal with your financial affairs and health needs quickly and swiftly should the need arise.

It is a legal document that lets you appoint attorneys to help you make decisions or make decisions on your behalf when you are unable to do so yourself.

Imagine you are that family member or friend that suddenly has the responsibility of taking care of you, but they cannot access your finances and they have no say in your daily care or treatments. By drawing up Lasting Powers of Attorney you can give your family members or trusted friends instructions as to how your affairs should be dealt with.

Of course, we don’t know what the future holds for any of us but with the help of the Life team at DMA Law Limited, we can make sure that you have sufficient life planning in place should the worst happen.

Please speak to us about Lasting Powers of Attorney and how they can benefit you and your loved ones. Use our online contact form to get in touch or call your local DMA Law office.