According to the Office of the Public Guardian, the number of people setting up a Lasting Power of Attorney has more than doubled in the last three years. This growth is likely attributed to an aging population and a greater awareness of conditions such as dementia and Alzheimer’s.

The Alzheimer’s Society estimates that there are currently 850,000 people living with dementia in the UK, with this number predicted to rise to 1.6 million by 2040.

Whilst it is not pleasant to imagine being in a situation in which we will not have complete control of our own personal affairs, there are many illnesses that can leave us reliant on those around us – between 2016 and 2017, someone was admitted to hospital every three minutes with a head injury.

If there comes a time in the future when you don’t have the mental capacity to make a particular decision, and you haven’t created a valid LPA, your assets will be effectively frozen which can lead to problems paying bills, claiming pensions, entitlements and making vital decisions regarding property and investments.

To avoid the issues outlined above, it is crucial to set up an LPA while you are still mentally capable, well before you need it. Our solicitors will help to demystify the LPA application process and identify which kind of LPA is right for you. For more information about setting up an LPA, request a call back today.

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