Friday 14 September 2012

Lasting Powers of Attorney

Lasting Powers of Attorney (LPAs) are used everyday to help people with their finances. You can choose someone you trust, who can then be given the power to sort things out for you like collecting your pension, arranging to pay the bills and arranging for your care.

LPAs are particularly useful should you suffer a sudden or progressive illness which limits your mental capacity to make decisions, such as dementia or a stroke.

If you think that this article does not apply to you, think again. Here are some facts that may change your mind:-
  1. Over 800,000 people in the UK currently have dementia
  2. By 2021 over a million people will become sufferers of this illness.
  3. Approximately 11,000 people each year suffer severe brain injury
  4. There are currently 10 million people in the UK living with a neurological condition which has a significant impact on their lives
  5. Each year 600,000 people are diagnosed with a neurological condition 
It is also a sad fact that Elder Abuse is becoming increasingly common. This sort of abuse can be physical, psychological or financial. An LPA is one of the best ways to protect against financial abuse.  You can appoint separate Attorneys to manage your financial affairs, from your welfare and healthcare decisions.

Why not contact us for further information and advice?