by Denise Crispin-Bailey from Richardson’s Wills.
As we head into the new year, it is a traditional time to get our affairs in order and make New Year’s resolutions. We know times are hard and everything is costing more than it has before, which is why we are keeping our fees as low as we can.
Everyone needs to have a Will and Lasting Power of Attorney in place. It is never too early to make these important documents, but often it can be left too late.
If you have an accident or illness, you may think that your spouse or relatives will automatically be able to make decisions for you, but this is not the case. A Lasting Power of Attorney enables you to appoint people you trust to be your voice and have the practical powers they need to be able to help and make decisions for you, in the event you become unable to do so.
What happens if I don’t make a Lasting Power of Attorney? If you don’t have a Lasting Power of Attorney in place, your family will need to obtain permission to act for you from the Court of Protection. This can be a very stressful and expensive process that can take several months and cost thousands of pounds in legal and medical fees. In the meantime, your family will be stuck and unable to assist you. Many people mistakenly believe that if they are married and/or have joint accounts, they don’t need Lasting Power of Attorney. Bank accounts can be frozen, and being married does not give you power to decide for your spouse/civil partner if he/she is incapacitated. What are the benefits of making a Lasting Power of Attorney?
- Peace of mind for you and your family
- Practical powers to be able to assist you at a time you need it most
- Avoiding the stress and expense of applying to the Court of Protection
For more information contact Denise on 01904 501910 or email firstname.lastname@example.org.