Lasting Power of Attorney – Property and Finances

Lasting Power of Attorney - Property and Finances

The prospect of coping with a disability, failing mental health or the need for nursing home care is a sobering one. It can be a double blow for those who have failed to ensure their finances are in order. Resolving these issues when you are already frail and vulnerable is complex, costly and may involve your relatives making an application to the Court of Protection, if you do not have a Power of Attorney in place.

If you would rather focus upon enjoying life now, with peace of mind from knowing that your financial affairs are in order, one of the best ways is to prepare a Lasting Power of Attorney. If you have an elderly relative who is beginning to suffer from lack of memory and confusion, it is important to talk to them about making a Lasting Power of Attorney as soon as possible.