I speak to more and more people who understand the important nature of Lasting Powers of Attorney. It seems like such a strange thing to do, allowing someone else to have the power to take over your finances at some unknown event in the future.
But having spoken to many people who have had to deal with a friend or relative suffering from, for example, a Stroke and realising that on top of all of the emotions and treatment that they will have to go through together, that they are unable to deal with that persons finances without a Lasting Power of Attorney, shows me that this is a consideration we should all start to have.
One in three over-65s die with dementia. Yet don't assume relatives can just walk into a bank and access your money, even if it is to pay for your care. Unless you've a Power of Attorney already, loved ones need to apply through court, which can be long and costly. This guide shows you how to sort it in advance.