What if we were to say to you that there is a form that you could complete, which could save your family huge amounts of money and stress - would you be interested?
The answer is hopefully, yes but what if we were to add in that it is to do with the possibility of thinking about your own finances and health and your eventual demise - is it so appealing now?
Sadly, too few people spend too little time considering their final days of life or times when they may not be able to deal with some aspects of day to day lives themselves and this can often lead to problems for individuals and their loved ones.
If the worst should happen and you develop a debilitating condition, such as dementia or stroke, or have an accident that renders you incapable of making your own decisions, then you will want someone you trust to have the legal power to make decisions on your behalf.
With a Lasting Power of Attorney, you can set out how you wish them to handle your property and financial affairs and your health and welfare to ensure you get the care, treatment and day-to-day routine that you want.
It will also mean that the person you have chosen will have control over your property and finances.
It could include selling your house to pay for your care, or claiming your pension and benefits to ensure your financial responsibilities are met.
But to take out a Lasting Power of Attorney you have to still be able to make the decisions yourself, you must not lack mental capacity.
Otherwise, if you leave it too late your family may have to apply to the Court of Protection, where you will have no say in who is made a 'deputy' because, by this time, you're likely to be considered incapable of making your own decisions.
Also, the court may well limit the amount of power your family or friends get over your affairs, or could insist that they must be deputies alongside a solicitor. Your deputies will also have to file accounts each year.
This paperwork is something we at QualitySolicitors David Roberts do regularly. It doesn’t take a great deal of time or money, but the amount of people who have counted their blessings that they took time to do this is sizeable.
If you leave it too late and your family has to go to the Court of Protection, it’s possible the costs could be sizeable, both financially and in terms of the toll it takes.
We hope you take this sensible step, however uncomfortable for the sake of yourself and those close to you.
If you wish to discuss Lasting Powers of Attorney in more detail please give us a call on 0151 639 9595. We are happy to help.