As a Wills, Trusts & Estate Administration Solicitor I spend my days advising on Lasting Power of Attorney (LPAs), and thankfully I have shared this advice with my family.
I have been lucky enough to have known all 4 of my grandparents and when I was a Trainee Solicitor I was still lucky enough to have 3 surviving grandparents. A large part of my training was spent in the Wills, Trusts & Estate Administration Department and this prompted me to discuss LPAs and Wills with my Grandparents. Thankfully all of them could see the benefit in creating these documents and my colleague saw and advised them and prepared both Wills and LPAs.
Since the LPAs were prepared I sadly lost one grandparent but two are surviving, both of whom have different forms of dementia. My grandma has vascular dementia and is now living in care, she struggles to string sensible sentences together and cannot recall the names of her grandchildren let alone details of her finances. As she has moved into care, my father and his brothers need to arrange to sell her house to pay the costs and thankfully the LPAs will ensure that this can be done with very little stress or inconvenience.
My grandfather has short term memory loss and a lack of understanding of money but again, because the LPAs are in place we are able to manage his finances for him to ensure his bills are paid, his Income Tax Return is dealt with and to generally take care of his financial affairs. The LPA also ensured that we could arrange a live in carer when this became necessary and the care agency felt confident that we had access to pay the charges – ensuring that there were no delays in the care commencing.
If my grandparents had not taken my advice and met with my colleague we would have found ourselves having to make two separate Deputyship Applications to the Court of Protection which would have involved a lot of expense, time and stress. The LPAs have ensured that all matters can be dealt with simply and efficiently.
My grandparents have also both prepared Health & Welfare LPAs – although thankfully these have not been required so far, we have the peace of mind that if any of those types of decision need to be made my parents and their siblings will have the necessary authority to do so.
Although in my family the Attorneys have been the children, it is entirely up to the person making an LPA to choose their Attorneys – they do not have to be children, or even other relatives, they can simply be trusted friends.
If you would like to discuss preparing Lasting Powers of Attorney please do not hesitate to contact me firstname.lastname@example.org or 0118 9756622.