Putting in place finance & property and health & welfare Lasting Powers of Attorney (LPAs) is a very good idea. The consumer expert Martin Lewis certainly encourages it. As a reminder, through LPAs you appoint people (Attorneys) to make decisions on your behalf in the event that you can no longer make those decisions yourself. This might be because of, for example, dementia or having sustained a head injury.
However, it is essential that you choose your Attorneys carefully, as this BBC Sounds investigation shows. It is about 33 minutes long.
The bottom line is that you should only nominate as your Attorney(s) trusted others. If you appoint a professional, they will charge you a flat fee or by the hour for the service they provide. In the BBC programme, the solicitor charges £300 per hour!
Do contact us about this most important matter. We will discuss LPAs with you and advise you about your best choices.