Get a Lasting Power of Attorney in Nottingham and the East Midlands
Many people are unaware that bank accounts can be severely restricted if the account holder loses mental capacity. Even joint accounts can be frozen if just one of the two account holders is affected.
“It’s never likely to happen to me!” is what many people say.
Well, the statistics disagree. According to the Alzheimer’s Society, 225,000 people in the UK will develop dementia this year. That’s a staggering one every three minutes.
Another startling statistic, this time from Martin Lewis on the “This Morning” programme is that 1 in 3 people over the age of 65 dies from Dementia in the UK each year.
So how do you combat the devastating effect that incapacity has on a family?
Simple, get a Lasting Power of Attorney.
There are two different types of Lasting Powers of Attorney, one that covers Finance & Property and another that covers Health & Welfare. They are legal documents that enable you to appoint trusted family/friends to make certain decisions on your behalf, under certain circumstances. The appointed person or persons can manage your finances for you, or make decisions relating to your health and welfare, should you reach a point where you are no longer able to make decisions for yourself.
Benefits of getting a Lasting Power of Attorney
There are a number of benefits to having a Lasting Power of Attorney:
· Nominating your trusted person or persons prevents a stranger, or someone you may not trust, from having this power.
· Reassurance that, should you become unable to make decisions for yourself in the future, your trusted person or persons will step in and make them for you.
· Reducing problems that may occur in the future. It can be very time consuming and expensive for family or friends to try to gain a similar power once you become incapacitated without having a Lasting Power of Attorney in place.
· Getting a Lasting Power of Attorney will prompt discussions within your family or with others about your future wishes so they are agreed and can be actioned when needed.
If you live in Nottingham and East Midlands and want to protect yourself and your family from the risks of not having a Lasting Power of Attorney in place then contact The Will Associates on 0800 8477 015. We can create an appointment for our local consultant, Kevin Bishop to visit you in your home at a time that is convenient for you. Kevin will take the time to make sure that all of your questions are answered and that you are safeguarding yours and your family's future.