Lasting Powers of Attorney – what are they and what do they do?

 

This summer Sir Jackie Stewart announced that his wife Lady Helen Stewart is suffering from dementia.

The world champion Formula One driver explained that his wife now requires around the clock care. Lady Helen, 68, was diagnosed with dementia 2 years ago, but this is the first time the racing driver has spoken about the changes he has seen in his wife.

According to the Alzheimer’s Society 225,000 Britons each year are diagnosed with the condition. It further highlights the need for people to have LPAs (Lasting Powers of Attorney) in place.

If mental capacity is lost prior to making a Lasting Power of attorney it can cost thousands of pounds through the Court of Protection.

Contact us today for written details of what a Lasting Power of attorney does, and how you can go about organising one.

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Finance North
Estate Planning Services

0161 771 2056
help@FinanceNorthEPS.co.uk