The Importance of Lasting Powers of Attorney

Dementia has been called the epidemic of our century. There are approximately 800,000 people with dementia in the UK with an expected increase to over 1 million in 2021.  The Alzheimer’s Society predicts that by 2050, the worldwide number of people who will be living with dementia is set to treble.

More than 60% of care home residents over 65 have dementia, however contrary to popular belief, it is not strictly a condition limited to those over 65. In the UK over 17,000 people under 65 have dementia. Research into the condition is also starting to suggest that dementia may start to develop decades before symptoms show.

With that in mind, it’s important to think about the protection that is available in the event of such a terrible and incurable disease affecting you or a loved one.

A Lasting Power of Attorney (LPA) enables you to appoint someone you trust (an attorney) to look after your affairs if you are mentally or physically incapable of looking after them yourself. It would be considered foolish not to have home insurance in place, and not planning for loss of mental capacity could be considered equally unwise.

We can provide support and advice on putting in place LPA’s.  Please contact us for further information.

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