If you don't have a lasting power of attorney, as you believe your will is arranged and you have always been in generally good health and can't foresee this changing, you may be setting yourself up for trouble.
If for example you develop dementia, have a stoke or are left unable to make your own choices due to a fall or other unexplained medical incident, you leave the decisions about your care to be fought over by family members. This can result in arguments that could end up a costly court battle to decide on who should have the authority to make decisions for you.
When you arrange a Lasting Power of Attorney, you ensure that if you ever become mentally or physically incapacitated and lose the ability to make your own decisions a member of family that you trust will have the legal right to manage your financial affairs, health and welfare.
It will give you peace of mind that your wishes will always be carried out as requested. This means that there will be no additional distress or conflict should you become unable to look after your own affairs.
If you need advice on a Lasting Power of Attorney or any other legal or financial issue you may be facing speak to the trusted team at North Devon’s Samuels Solicitors on: 01271 308049.
It's never too early, but it may be too late!
