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A few facts from the Alzheimer’s Society:-
The above facts and figures speak for themselves. With the numbers set to rise substantially over the next seven years and more, with that in mind it is very important that people ensure they put legal protection in place whilst they still have the capacity to do so.
A Lasting Power of Attorney, previously an Enduring Power of Attorney, is a legal document which allows someone you appoint (your Attorney) to make your financial decisions when you can no longer do so. For example, paying utility bills and purchasing things you require.Last year, almost 650,000 applications were made to register the document and there are 2.5 million currently registered.
There are two types of LPA; -
• Property and Financial Affairs - This covers things such as managing your bank accounts, bills and your property.
• Health and Welfare - This covers where you live and any medical treatment you receive. It also allows you to make provisions for decisions about any life sustaining treatment.
The LPA will only be valid once it has been signed by all parties and then registered with the Office of the Public Guardian. The Property and Finance LPA can be used when you have capacity, or when you lose capacity. The Health and Welfare LPA can only be used should you lose mental capacity.
In short, yes. A diagnosis of dementia does not mean you have lost capacity to make decisions. Should you or a loved one receive a diagnosis we would advise you to contact us as soon as possible to ensure an LPA can be put in place. We will be happy to discuss the benefits of having a Lasting Power of Attorney with you; call us on 01484 821 500, text LAW to 67777 or email email@example.com.