Dementia Week 14th-20th May - Fairey Associates launch Wills & Lasting Power of Attorney Service
A staggering 850,000 people in the UK are currently suffering with dementia, a statistic that the Alzheimer's Society say will grow over the next decade. It is forecasted that around 2 million people will have dementia by 2051. Given those figures, it is vital to prepare for the possibility that you and your loved ones will need support in the event of vulnerability.
What happens if you develop dementia and lose capacity?
The consequence of not appointing an attorney to make decisions can be devastating! With no access to finances and no capacity to make decisions about health, your family and loved ones can have no input at all to help.
Remove uncertainty (and therefore risk!)
Appointing an attorney means the family can make decisions
- The Health and Welfare LPA means they can make decisions, as the name suggests, about someone's health and care needs.
- The Finance, Property and Affairs LPA means they can make decisions about the person, known as the donor's financial situation, how to pay their costs (for example their care costs) and also ensure their pension drawdown and equity release will not fail.
Lasting Powers of Attorney (LPA) documents should be viewed as a safeguard should you suffer a problem leaving you unable to look after yourself. They have to be written before any problem arises - you can't buy it to cover you for a problem which has already happened. It's never too early to have these documents but it can often be too late.
To support dementia sufferers and their families in the best way we know how, we are now providing a Wills & Lasting Power of Attorney service to help our clients plan for this increasingly likely event.
Please click here to make an enquiry
What happens if you develop dementia and lose capacity?
The consequence of not appointing an attorney to make decisions can be devastating! With no access to finances and no capacity to make decisions about health, your family and loved ones can have no input at all to help.
Remove uncertainty (and therefore risk!)
Appointing an attorney means the family can make decisions
- The Health and Welfare LPA means they can make decisions, as the name suggests, about someone's health and care needs.
- The Finance, Property and Affairs LPA means they can make decisions about the person, known as the donor's financial situation, how to pay their costs (for example their care costs) and also ensure their pension drawdown and equity release will not fail.
Lasting Powers of Attorney (LPA) documents should be viewed as a safeguard should you suffer a problem leaving you unable to look after yourself. They have to be written before any problem arises - you can't buy it to cover you for a problem which has already happened. It's never too early to have these documents but it can often be too late.
To support dementia sufferers and their families in the best way we know how, we are now providing a Wills & Lasting Power of Attorney service to help our clients plan for this increasingly likely event.
Please click here to make an enquiry
