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Lasting power of attorney

Enable’s independent financial advisors see people every day planning their finances to protect their and their family’s futures. We all hope we won’t need it but to add to that protection of our families and ourselves it is well worth considering registering your preferences for lasting power of attorney.

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Just 246,000 lasting power of attorneys were registered in 2013 – but there are currently 850,000 people in the UK living with dementia let alone cancer or other illness. Power of attorney is a lot easier to set up before it is needed – otherwise it can be necessary to go through the courts. You can set up LPA, at any age it is not just older people and hopefully for most of us even though it is set up, it might never be used.

Planning for the future is unfortunately something that all too often gets forgotten or put on the back burner until it’s too late. Managing our finances in later years can also be something we don’t like to look at too closely especially if we fear becoming unwell. But having a valid LPA in place is the only way to ensure you can legally speak and act on behalf of someone else in the family – even if you are married or co-habiting. Lasting power of attorney gives the person or persons of your choice the power to deal with your affairs, should you ever become unable to do so.

There are two types of lasting power of attorney arrangements. One allows someone to handle your finances and property – essentially, managing your affairs on a daily basis. The other puts someone in charge of your healthcare, so they can make decisions about medical treatments you may need. Enables’ IFA’s in Bishop’s Stortford can see that setting up both can be worthwhile for peace of mind.

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 – Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.

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