25th October 2018
Many people who are in a care environment are rightly concerned about how their finances can be managed if they become unable to look after them themselves. Our Later Life Team guide families through a range of legal procedures that make a huge difference to the way someone in care can access their personal finances, making the process less stressful and less expensive.
Lasting Powers of Attorney
It is always good practice to plan ahead early and we offer many clients advice and assistance with Lasting Powers of Attorney.
Deputyships
However, for those unable to sign a Lasting Powers of Attorney, loved ones will still need to find a way to administer the person’s finances and this is normally done by appointing a Deputyship.
Statutory Wills
Sometimes it is appropriate to consider changing an incapacitated person’s will. This would usually be to better reflect the person’s wishes or make sensible changes to protect wealth as circumstances change. We can advise on how to achieve this through the use of Statutory wills.
Wills
Should loved ones enter a care environment without a Will then our team can assist in putting this very important document in place as well as providing detailed advice on the full range of personal legal services for everyday needs through our Wills, Estate Planning and Trusts Team.