Purchasing a Property? Getting Married? Having Children?
People live complicated lives. You don’t know what is around the corner, so why leave things to chance?
Our goal is to help you to safeguard and enhance your wealth. Take control of your family’s future and inheritance by making a Will.
People in the UK are living longer than ever before, which is good news, but what about the multitude of problems this may bring.
A report in 2019 commissioned by Alzheimer’s Society from the London School of Economics, found that there are currently approximately 900,000 people living with dementia in the UK. Further, 209,600 people will develop dementia this year, that’s one every three minutes.
And over 42,000 of these are under the age of 65.
Have you ever considered what would happen if you lost mental capacity at any time – suffered an injury or accident, disease or illness?
Planning for what happens in our future can be full of uncertainty. We all like to be in control, but what happens if we lose the ability to make decisions and to manage our affairs? Who would make decisions on our behalf?
This is where a Lasting Power of Attorney (LPA) comes in.
Setting up an LPA does not have to be a complicated process. However, many people leave doing this until it is too late.
You must be in good mental health with full capacity at the time of making your LPA. So do not make excuses for organising it, be prepared, and plan your future.
You can appoint a trusted person to make decisions on your behalf should you no longer be able.
The LPA will enable you to make decisions relating to your future health and finances, planning in advance. You will be protecting both yourself, and your family members financially, and reducing family conflict by having directly stated your wishes regarding your health and finances.
Should anything then happen to you, your appointed ‘Attorney’ can then step in to make decisions on your behalf, in the way in which you would have intended, saving your family both the stress and expense of having to apply through the court to assist you in managing your affairs.
There are two types of LPA. These are as follows:
This covers things like paying your bills, managing your bank account, collecting any benefits or pension, and selling your home. It can be used as soon as it is registered, with your permission. So if you wish to take the burden away of managing your own finances, you will be able to oversee your trusted deputy making these decisions for you, whilst you still have capacity.
This relates to personal decisions such as where you live, what care you receive, and ultimately, whether to turn off the life support machine. It can also include the finer, more personal day to day details, such as your daily routine of washing dressing and eating. It will however only be used once you are unable to make your own decisions
If you would like to discuss making an LPA with our specialist team, please call 01772 282768
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Click here to read through our FREE Inheritance Tax guide, or download a copy to read through at your own time.