Living With Dementia & why you need Lasting Power of Attorney
- Wills Made Clear
- 22 minutes ago
- 2 min read
As we reach the middle of Dementia Action Week 2025 (May 19 to May 25), we're taking a look at the importance of having a Lasting Power of Attorney in place BEFORE something goes wrong...
Establishing your Lasting Power of Attorney (LPA) is essential for ensuring peace of mind, knowing that you've addressed the matters most important to you.
An LPA is a significant legal document that allows you to designate a trusted person (an Attorney) to manage your affairs if you become unable to do so due to mental or physical incapacity. Your LPA should represent your desires and requirements.
You might have talked with your loved ones about your preferences in the event of an unforeseen situation, often concerning life-sustaining treatment, medication, and long-term care. However, without an LPA, those preferences might not be considered, and a doctor or the Local Authority could make decisions for you. Additionally, your bank accounts and investments might be frozen, affecting standing orders and direct debits for bills in your name. This could occur even if you have a joint bank account.
Once you have fully lost capacity due to a medical condition like a stroke, Alzheimer's, or Dementia, or become mentally incapable because of an accident, illness, or old age, it is too late to establish an LPA. If an LPA is not in place, the only way to manage your financial affairs is by applying to the Court of Protection for a Deputyship Order. Take action now before it's too late.
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