Major assumption made in the title of our latest blog post – you may not even be 40 yet – or if you are 80, we’re certain you’d recall events from 1979.
But rather than look back (in anger), how about looking forward to 2059?
Oliver at 32 now will be 72. 40 years ago he was minus 8.
Right let’s put the maths to one side and focus on the meat of this blog: Lasting Power of Attorney or LPA as it is known as often.
Some definitions of LPA from Age UK no less:
A power of attorney is a legal document that allows someone to make decisions for you, or act on your behalf, if you’re no longer able to or if you no longer want to make your own decisions.
There are a number of reasons why you might need someone to make decisions for you or act on your behalf:
- This could just be a temporary situation: for example, if you’re in hospital and need help with everyday tasks such as paying bills.
- You may need to make longer-term plans if, for example, you have been diagnosed with dementia and you may lose the mental capacity to make your own decisions in the future.
You can read the information I provide on LPAs here.
The original point is a serious one though.
No one has a crystal ball to look into the future. We have life insurance, buildings and contents insurances, critical illness cover to prepare for the unexpected.
Shouldn’t you do the same with your future plans and put a Power of Attorney in place?