Alan and his wife Sue applied for UK LPAs (UK Lasting Power of Attorney) when Alan turned 60. They became attorneys for each other, along with their son, John.
Alan developed sudden onset dementia after enjoying two years of early retirement. Sue and her son John had the legal power they needed to take control during this incredibly difficult time because they had the foresight to set up a Lasting Power of Attorney. Because her finances were uninterrupted, Sue made medical decisions on Alan’s behalf and had the freedom to make his life as comfortable as possible.
What Would Have Happened if a UK Lasting Power of Attorney Was Not in Place?
Sue would have faced one legal and financial difficulty after another. Living expenses and supplementary care costs would be difficult to pay for because their joint bank account would have been frozen.
Without an LPA Sue would not have had the power to make decisions regarding Alan’s health:
The Court of Protection would be responsible for such decisions.
To get legal permission would have cost thousands of pounds in court fees as well as taking many stressful months.
After Sue was made a deputy of the court, (to be renewed each year), she would also have to take out a guarantee bond. This would be expensive but necessary to protect the assets from financial mismanagement. All whilst struggling to cope with the painful decline of her beloved husband.
A UK Lasting Power of Attorney makes things straightforward. Contact Wayne Barnett FCA, MIPW on 26 600780 for further information and advice.