We are officially an aging population!

According to the World Health Organisation between 2015 and 2050, the proportion of the world’s population over 60 will nearly double from 12% to 22%. By 2020, the number of people aged 60 years and older will outnumber children younger than 5 years.

In addition to this the Alzheimer’s Society states that there are 850,000 people in the UK with dementia, this translates to 1 in 6 people over the age of 80 suffering from the disease.

There are also over 40,000 people in the UK under 65 with dementia.

With numbers set to rise to over 1 million by 2025 and 2 million by 2051, it is essential to start planning and having conversations with family members early.

Encouraging parents or loved ones to set out clearly what they would like to happen in the event they lose capacity and making the necessary arrangements can save time, costs and a lot of worry further down the line.

With an ever-aging population the risks that a parent or loved one will eventually lose mental capacity are increased. In such circumstances, someone else – usually a family member will need to make decisions on their behalf.

A lasting power of attorney is a way of giving someone legal authority to make decisions on behalf of another person if they lack mental capacity at some time in the future, or no longer wish to make decisions for themselves. A person must have mental capacity to set up an LPA.

I can help you with what might feel like a daunting process. If you would like to book a consultation please email me on susan.barnes@aps-associate.co.uk or call 07543 033953

Powers of attorney are not just for when we go ga ga

We are still in skiing season – I wonder if you had a trip to the slopes in that time or have one planned before the end of the winter? Do you cycle, know anyone who plays rugby or maybe you sail?

I ask because all of these can be considered contact sports and leave you at risk of an injury which may be serious. Remember Michael Schumacher who ended up in a coma after a skiing race.

If this was to happen to you or someone you know, is there a lasting power of attorney in place to allow others to act for you while you are incapacitated?

Powers of attorney are not just for when we go ga ga.

If this is of interest to you or someone you know then please give me a call and I can explain further.

Lasting Powers of Attorney – not just for the elderly

It’s that time of year when many young people are flying the nest to start University or College or perhaps they are off on a gap year adventure.

You will have helped them prepare for their first steps towards independence but have you considered getting your young adult to complete lasting powers of attorney?

Probably not!

Lasting powers of attorney are often thought of as only relevant for the older generations but if your son or daughter needs you to access their bank accounts or to speak to an embassy on their behalf, you will be glad that you got them to draw up an LPA.

If they are involved in a medical emergency, you will have the authority to discuss the situation with doctors – being prepared is not morbid, it is sensible and if the LPA is ever needed it will save a great deal of stress.

Find out more about LPAs here

Lasting Power of Attorney

A Lasting Power of Attorney is an extremely useful legal document to supplement your Will, and it is usually seen as one of the final pieces in the process of planning and protecting your estate. Whilst a Will describes what happens when we die, we seldom think about who would manage our affairs, or make decisions regarding our welfare should we not be able to ourselves.

Through either or both of these documents you can appoint whom you wish to manage your finances and property, and/or arrange for someone to make decisions regarding your medical treatment or your welfare if you can’t make decisions for yourself because of illnesses such as dementia, or if you have an accident leaving you mentally incapacitated.

The simplest way of determining whether you would benefit from this document would be to ask yourself the question “if you couldn’t manage your affairs, who has LEGAL permission to do so on your behalf?” This is very different from people wanting to help – very often companies won’t speak to such people unless they have legal authority, which could be given to them through a registered Lasting Power of Attorney.