Currently in the United Kingdom there are over 6,000,000 Lasting Power of Attorneys registered.
Although this is a significant number, it is still estimated that 85% of adults have not yet made provisions such as these. For those approaching solicitors in Bangor looking to implement an LPA, it is likely they will be advised that it takes approximately ten weeks to complete the registration.
Even though most of those of those 6,000,000 LPA’s currently in existence have been created by those aged between 50 and 75, most legal experts stress the importance of younger people also considering securing this important document. Currently, once a child reaches the age of 18, their parents no longer have any legal responsibility for them. This means that if anything happens to them, their mother or father may not have automatic rights to deal with their health and assets. If someone does become incapacitated, their family will have to apply to the Court of Protection to secure a deputy ship order.
Despite the concerns that more people need to consider and implement a Lasting Power of Attorney, it has been recognised recently that, year on year, the numbers are increasing with statistics currently standing at 900,000 new registrations each year. The explanations for this rise are varied, but include more awareness with more and more people stressing the importance of this paperwork.
You can come to us at Bennett Smith Solicitors for information about Lasting Power of Attorneys, so contact us now and book an appointment.
