Massive Rise In Lasting Power Of Attorney Arrangements
Call Louise Nelson at Bartletts Solicitors to talk about lasting power of attorney. Louise is a solicitor who has been drawing up these documents for over 25 years. She is used to guiding people through these matters.
A dramatic spike in the number of lasting power of attorney (LPA) arrangements registered in England and Wales has come to light following a Freedom of Information request filed with the Ministry of Justice by the pension company, Old Mutual Wealth. The recently released official figures show that 441,500 lasting powers of attorney were registered in 2015, a sharp increase from the 36,000 LPA arrangements set up in 2008, with roughly 2 million registered in the interim period. A lasting power of attorney can cover finance and property or health and welfare, with the figures showing that the former type of arrangement is far and away the most common.
Why Have Lasting Power Of Attorney Registrations Increased So Rapidly?
While there is no hard evidence supporting a direct link, the number of recorded cases of dementia and Alzheimer’s disease has rocketed in recent years, with dementia and related conditions overtaking heart disease as the leading cause of death in England and Wales for the first time in 2015. Dementia accounted for the deaths of 61,686 people last year, representing 11.6% of the total, with the condition’s mortality rate more than doubling since 2010. The reasons for this significant rise include the ageing population, more effective treatment of other conditions such as heart disease, and the growing dementia diagnosis rate.
Is Lasting Power Of Attorney Necessary Following A Dementia Diagnosis?
When a person loses their mental capacity after developing a dementia condition such as Alzheimer’s disease, another person, normally a family member, will need to make decisions on their behalf. For this reason, many people choose to set up a lasting power of attorney following a dementia diagnosis to ensure that their best interests are safeguarded as the condition inevitably progresses. Once mental capacity is lost, it can be a costly, lengthy and complicated process for a third party to assume responsibility for a person’s finance and property and/or health and welfare affairs. A lasting power of attorney arrangement therefore represents a sensible, practical and cost-effective means of planning ahead.
Solicitors Setting Up Lasting Powers Of Attorney In Liverpool
Louise Nelson is a solicitor with over 25 years experience in drawing up lasting power of attorney documents, and explaining and advising on the process. Each LPA is different, because it is intended to reflect a person’s unique wishes and intentions. Louise has registered numerous LPAs for clients in Liverpool and across Merseyside over the years, and offers a free consultation by phone or in person. Bartletts Solicitors offers a transparent fixed fee service so that clients know exactly how much they will pay before instructing us. Contact Louise today on 0800 373 894, or via the contact form above.
We would like to thank Louise for taking the time to visit us at home as we could not have travelled to Liverpool city centre.
The Evans Family - Merseyside
Louise Nelson is a solicitor with over 25 years experience in Power of Attorney matters. She will be happy to offer you a free telephone or face to face consultation.
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