If you watched the recent programme called “Care” which aired on BBC1, featuring Sheridan Smith and Alison Steadman, then you will appreciate that life can change in an instant! One minute you are fit and healthy, and next something sudden happens, the result of which could mean you are no longer able to manage your affairs.
What would you do?
This is why we cannot stress enough the importance of putting a Lasting Power of Attorney, both in respect of your financial affairs and also your health and welfare, into place. These documents give the power to whoever you have chosen to trust, the permission to manage your affairs, should you become physically or mentally incapable of looking after them yourself.
It is stressful enough when things happen to a loved one, without the added trauma of going through a Court of Application to appoint a Deputy – which, if you do not have a Lasting Power of Attorney in place, is both costly and time consuming.
If you wish to know more about Lasting Powers of Attorney, and would like to discuss in more detail, then please contact our specialist Lifetime Planning Team. Thank you.