The mind is one of nature’s most impressive creations, but when something goes wrong and we can’t make decisions for ourselves, lives can become a misery, largely for those who are left to cope with both our mental health and the financial situations that they can impact upon.
Shore Wills Ltd, is calling upon local people to consider how their families would cope if they themselves were unable to make the financial decisions around which so much of our day to day routine revolves.
With road traffic accidents dominating headlines almost every day and illnesses such as Alzheimer’s Disease claiming both high profile victims like Ronald Reagan and more ordinary folk in every town and city, none of us can be assured that it ‘won’t happen to us’.
Too few of us plan for such eventualities, according to Shore Wills Ltd. Whilst there are still a large proportion of people who fail to make a Will to ensure their estate goes to the people and causes that they love and respect, there are even more who fail to set up an Lasting Power of Attorney (LPA).
This allows you to appoint someone who will act for you if should become mentally incapable of dealing with your own affairs, at some point in the future. This power may never have to be adopted, but at least, in this way, you can ensure that your family and other loved ones can access the funds that they need. This will enable them to keep the household running and their lives operating as normally as possible, avoiding any red tape that denies them access to your finances.
Moreover, due to the recent change in Power of Attorneys you can now make a Lasting Power of Attorney which allows an individual to deal with your personal welfare. This allows decisions to be made by your attorney with regards to the type of medical treatment you wish to receive, the type of care home you wish and various other aspects of your personal welfare.
An LPA needs to be handled by an expert and not one of the many unregulated operators in the will writing sector. Reassuringly, Shore Wills Ltd, is a fully qualified will writing business, operating under the high regulatory standards of the Institute of Professional Willwriters, which vets members on a continuous basis.