One in three people over 65 will develop dementia. Yet don’t assume relatives can just walk into a bank and access your money, even to pay for your care. Too many families face the nightmare of a difficult and costly court process to take control.
A Lasting Power of Attorney allows some one you have chosen and trust to make decisions on your behalf, whether it be Health and Welfare or Property and Finance.
Thinking and talking about what would happen if our faculties deserted us is uncomfortable. Yet you need to consider how much worse the situation would be if you became incapacitated through a stroke, accident, dementia (eg, Alzheimer’s) without sorting it first.
If a Lasting Power of Attorney is not in place then your family would have to go to the court of protection and make an application to be able to handle your affairs. this is an extremely costly and time consuming business as anyone who has, had to do it will testify.
It can be a costly business setting up a Lasting Power of Attorney if you go through a solicitor who may charge in the region of £600 to complete the documentation . This is a lot of money and very off putting to many people. I am not a solicitor but I am legally trained and can act as certificate provider for your Lasting Power of Attorney. My fees are far more accessible at £150 and I will always try and get a redemption or reduction on the Office of Public Guardian’s fee to register the documents. Don’t delay what can be done today!