We all worry about what could happen should we become incapable of managing our affairs or making decisions due to old age, illness or injury. The good news is that you can prepare a Lasting Power of Attorney to appoint someone you trust to act on your behalf should it be necessary. Rather like taking out an insurance policy, putting a Lasting Power of Attorney in place is a way of protecting yourself and your family against the unexpected.
If you do not have a Lasting Power of Attorney in place and become unable to manage your own affairs, the alternative can be lengthy and expensive (find out more about the Court of Protection here). It could also be stressful for members of your family, especially at a time when they are already anxious about you and your affairs.
There are two types of Lasting Power of Attorney, one deals with financial decisions and the other addresses health and care decisions. To find out more about LPA please see our guide below.