Mowbray Woodwards Supports SFE in Stark Warning of Incapacity Crisis
Solicitors at Mowbray Woodwards have joined fellow members of Solicitors for the Elderly (SFE) in support of a warning that the UK is facing an incapacity crisis.
A new report from SFE and independent think tank, Centre for Future Studies, reveals people across the UK are leaving medical and care preferences to chance. The research found that 70% of people in the South West are worried about dementia and losing the ability to make decisions for themselves, yet 83% have not spoken about, or even considered putting plans in place such as a Will or Lasting Power of Attorney (LPA).
An LPA is a legal document that allows you to appoint trusted individuals to make important decisions about your finances, care and welfare on your behalf if you lose the capacity to make decisions for yourself. Failure to get a LPA in place before you lose capacity could mean that your family or close friends have to apply to the Court of Protection to gain control of your assets and finances. This process can be lengthy, expensive and cause great stress at a difficult time.
David Whitworth, Partner and Head of Private Client Services at Mowbray Woodwards said: “In our profession we often meet people who are struggling to determine and carry out the wishes of family or friends who have lost capacity without a Power of Attorney in place. It is so important to think about your future care needs ahead of time to ensure that if you were to lose capacity your financial, care, and welfare decisions will be made by those individuals you trust to do so.”
It is important to seek specialist legal advice from an SFE accredited solicitor to ensure your LPA is robust and covers all of the things you need it to. You also have the option to nominate a solicitor to act as your attorney, and on a practical note, a solicitor will keep your LPA documents safe until required.
To discuss a Lasting Power of Attorney, Will or any future planning matters please call 01225 485700 or email firstname.lastname@example.org