One person in the UK gets dementia every 3 minutes. However, relatives cannot just stroll into the bank and access your cash, regardless of whether it is what you want, unless they have a Power of Attorney. If this does not occur until after a person becomes incapacitated, friends and family will need to apply through the courts, which can take a long time and cost a lot.
What is a Lasting Power of Attorney?
Contemplate what might happen if we lose our mental capabilities. Whilst it’s never nice to think about such things, it’s best to sort these important matters in case of future illness, development of dementia or an accident, for example. You get to choose then who takes care of your affairs should you end up in a care home, for example. Find out more about Care Homes Leicester at a site like Sanders Senior Living, providers of Care Homes Leicester
If a person experiences a problem which means they cannot make decisions, they will need help to deal with their funds. A Lasting Power of Attorney (LPA) is an authoritative report in which someone (while they have the mental capacity) can appoint a trustworthy companion to care for their problems in ways they could not.
Try not to think of it as suddenly losing control. You can choose whether it can either be applied before or after you lose your mental abilities and it’s always a person of your choice.
It doesn’t need to be permanent either. If you fall into a coma, for example, your elected representatives will begin to deal with your affairs. However, if you are to regain your abilities, you have the option to take back control again.