Posts tagged “Lasting Power of Attorney”

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.
Like this doll's house, you home contains everything that's important so make sure you protect yourself  if you are planning equity release.
Market analysis by mortgage broker, Henry Dannell, shows that homeowners in the UK have already released up to £1.4billion of equity in their properties so far in 2022. 
 
Also known as later life mortgages, over 12,500 of us have chosen to use some of the value of our property to reduce our bills, improve our quality of life, or help a family member. That’s an increase of more than 20% compared with the same period in 2021. The figure could reach 50,000 by the end of the year amounting to almost £5.6billion of equity. 
A laptop with the government's online application page for Lasting Powers of Attorney
Lasting Powers of Attorney (LPAs) help to protect you, your family, and your loved ones if you are unable to make decisions for yourself temporarily or in the longer term. 
 
The current process to create and register your LPAs is largely paper-based and very detailed. This is one of the reasons why only 14% of British people have LPAs in place. 
 
The government has now launched a consultation about the use of technology to reform the LPA process, improve access, and speed up the service. 
A warm and friendly care home is often the best place for a vulnerable elderly person to live. 
 
If your parent has been unwell or has been diagnosed with dementia, for example, they might not be able to live safely at home. They might be struggling with day-to-day activities like washing and preparing food. Round-the-clock support from trained professionals in a safe environment could help them to live their lives more fully and reduce their anxiety. 
 
However, during the coronavirus pandemic some relatives have been concerned that they are unable to visit their loved ones and have been worried about the health risks they face. They have been shocked to discover that they can’t take them out of the care home to live with their family. 
During the coronavirus pandemic we have seen some upsetting examples of how elderly people have felt lost and abandoned when their families are unable to visit them in their care home. 
 
This has been an exceptional time. In most cases your loved ones will be happy and well looked after in their care home, but it isn’t surprising that many families wanted to bring their relatives home during the outbreak. 
Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings