We’re always banging on about making sure you have a regularly updated will, if you haven’t done that then you should get it sorted now.
If you have got the will done then the next job is a lasting power of attorney (LPA).
The LPA allows your chosen representatives to manage your financial and health matters on your behalf either at any time or in the event of you being unable to make your own decisions.
This can be useful to enable a spouse to access funds in the event of serious illness. You avoid the extra stress of being unable to access all your resources during a very difficult time.
You need two LPA’s, one for your finances and one for your health matters, and if your affairs and wishes are straightforward you can even do the LPA yourself. The fee is means-tested.
If you want to do it yourself follow this link https://www.gov.uk/power-of-attorney
If you think your affairs need a professional speak to your usual family lawyer, and maybe get them to review your will too.
