The number of Lasting Power of Attorneys granted has tripled - Do you understand the benefits of having a Lasting Power of Attorney?
The number of Lasting Powers of Attorney (LPA) granted annually has tripled between 2010 and 2015.
The increase in the number of LPAs being granted may be due to a drive to increase public awareness and to encourage people to plan for the future.
The LPA is a legal document that appoints someone to help you make your own decisions or make decisions on your behalf. Typically, this would be a member of your immediate family, a loved one or a legal professional.
Having an LPA in place means you can entrust your decision making to someone close to you in the event that you are no longer able to make those decisions yourself.
With some experts reporting that as much as 60% of the UK population does not have a Will, it is important that people understand the benefits of planning ahead, regardless of our age or health.
If you have any questions or would like to discuss estate planning options, please don't hesitate to contact us for more information.