Posts tagged “Lasting Power of Attorney”

It’s reassuring to know someone will carry out your wishes if you can’t make important decisions for yourself. 
 
Advances in technology and medicine mean we can look forward to longer and healthier lives. However, many of us know that, as we grow older, we should put plans in place. 
 
If not for our own sake, it will give our friends and family peace of mind. 
 
You can appoint a close relative to be your attorney.
Lasting Powers of Attorney (LPAs) are important if you’re ever in a position where you can’t make decisions for yourself. They allow you to choose people you trust to make decisions about your finances and care on your behalf. 
 
LPAs are a good idea for people of all ages, not just the elderly. However, the process is currently paper-based and slow. 
The government at Westminster has approved a new Act for Lasting Powers of Attorney.
Many people are paying for their nursing home care from their savings or by selling their home. This is despite provision for the NHS to pay for their care. 
 
If you can’t look after yourself at home any longer, your local authority or the NHS should provide your care. If you don’t need nursing care your local authority will carry out an assessment to decide how much you should contribute. Your care will only be fully funded if your assets fall below £23,250. If you need nursing care, the NHS should pay. 
If you're a wheelchair user and need medical care you could qualify for NHS funding
In Parts 1 and 2 we looked at some tactics scammers use to persuade people to part with their valuables or money. 
 
As a family member, friend or carer, you can help to prevent someone becoming a victim. 
Like Aloe, you can protect against the damage of scammers, but you might need some thorns too
National research has looked at financial fraud and scamming. It includes universities and national organisations such as the National Trading Standards Scams team and the Chartered Trading Standards Institute. 
 
One very clear message is that many of us underestimate just how devious and clever these scammers can be. 
Scammers trap their victims in a spider's web of deceit.
Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings