The SFE (Solicitors for Elderly) – the national organisation of legal professionals specialising in helping people plan for later life – recently published a report that looked into the prevalence of Lasting Powers of Attorney and Wills in England. As specialists in later life planning and providing legal support to older people in Sussex, we found the statistics extremely interesting as well as seeing cause for concern.
We looked at the breakdown of their research, focusing on the statistics for the South East, and have summarised the topline information in the below:
The report suggests that many people in the South East, including Sussex, are leaving important decisions about their future to chance because they don’t have a Lasting Power of Attorney (LPA) in place. This includes key decisions regarding housing, assets, health treatment and care.
You can download the full report ‘Who will decide for you when you cant?’ by following this link: http://www.sfe.legal.
So what is a Lasting Power of Attorney?
A LPA is a powerful legal document that safeguards a person’s wishes in the event they are no longer able to make decisions for themselves, due to accident or illness such as dementia.
The report highlighted that 44% of people have a Will in place but only 12% have some form of LPA. A Will manages your affairs after death, whereas the LPA enables friends and family members that you trust to make decisions on your behalf if you are no longer able to make them yourself.
Seeing as a LPA is such an important document, it’s vital to use a trusted solicitor. You want to avoid risk when it comes to later life planning and be able to have peace of mind. By using online resources and non-legals advisers you risk having an invalid document.
5 dangerous myths about who looks after your health & wealth: your free guide
There are a lot of myths and assumptions around LPAs. We know that if you or someone you love are thinking about making an LPA, it can be difficult to tell fact from fiction. That’s why we’ve designed our myth-busting guide, completely free of charge for you to download.
Our guide explains:
- What a Lasting Power of Attorney is
- Legal Jargon around LPAs
- Who has control over your affairs
- Who needs an LPA
- If you need an LPA if you have a Will
- If attorneys change your Will
- Who makes financial decisions
- How your welfare is protected under an LPA
Your LPA Consultation
We have been looking after the legal affairs of people in Sussex and beyond for over 125 years. When it comes to Lasting Powers of Attorney, it’s vital that you seek experienced help to ensure that:
- The right details are completed so that the LPA is valid – a rejection can result in extra costs
- The right powers are given to the right people
- The right information is given about your wishes, so your attorney can carry them out properly.
Your consultation can be in person at our offices, over Skype, or by telephone, to discuss the LPA process, your wishes, and how we can put them into effect.