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physical and mental disability

can strike at any time, so plan ahead recommends charities to ease the potential burden for the family

all know you have to make a will, but few of us know that you should also consider something called durable power of attorney.

2025, more than 1 million people in the UK suffer from dementia, according to the Alzheimer Society. One in five people over 85 already suffer from it, with rates significantly higher among women than men. Managing your finances becomes almost impossible - to charities serving the elderly recommend that all future plans to mitigate the potential impact on our parents

A durable power of attorney (LPA) gives another person legal authority to care for the details of their financial affairs or health and welfare should you lose the ability to do so. It is not just for the elderly. Young people can become incapacitated by an accident or illness

If you do not have an LPA in place and later becomes mentally incompetent, the parents can face long delays and costs of implementation of the court of protection and access to take control of their assets and finance.

LPA

are designed to be recognized by financial institutions, nursing homes and local authorities as well as tax, pension benefits and the authorities. They are legal documents that can be configured relatively cheap, with or without the assistance of a lawyer. You may consider having one side of his will.

APL were introduced in October 2007, replacing the old system of continuing powers of attorney (EPA) -. Despite the EPA created before October 2007 is still valid

There are two types of LPA: one that can cover the decisions about money, known as a property and financial affairs LPA, which can meet the health decisions , known as LPA personal welfare. A key difference is that the property and financial affairs LPA can be used while someone still has the capacity, while a personal welfare LPA can only be used once you have lost it.

A person managing a property and financial affairs LPA can make decisions about things such as buying and selling property, managing their accounts, posting of bank accounts and to invest their money. If you have a personal welfare LPA, you can usually make decisions on where to live, how they should be treated medically, what to eat and who should be contacted.

You can choose any trusted person as your lawyer, if they are over 18, not bankrupt and who are willing to assume the role, which is a big responsibility. It is your duty to take all decisions in their interest and to follow certain principles of the Mental Capacity Act aims to ensure that you are encouraged to make their own decisions whenever possible. As a donor, you can restrict or specify the types of decisions the attorney can do, or can not afford to take all decisions on your behalf.

Saving the document may take up to three months and costs £ 130 by the PLA, so £ 260 if you want to install a property and financial affairs LPA and a personal welfare LPA . All benefits, or has an income of less than £ 12 000, you can get an exemption or reduction.

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