Why you need the power of attorney, no matter how old you are
No one likes to think about what would happen if they ever lost the mental capacity to make their own decisions.
But it’s a reality you can’t ignore. This is especially the case as the population ages, and mentally degenerative diseases, such as dementia, are becoming more prevalent.
One of the best ways to prepare for a time when you can’t run your own finances is setting up a lasting power of attorney (LPA).
This legal document allows you to nominate someone you trust to manage your affairs on your behalf.
There are two types of LPA: one is for







