Why a Lasting Power of Attorney might be more important than a Will

In our regular articles, we provide readers with important legal insights to help them take action for their own peace of mind. That's why it’s always encouraging when a well-known public figure echoes one of our key messages, sharing valuable legal knowledge with the wider public.

Martin Lewis, the face of Money Saving Expert, needs little introduction. His recent comments on The Martin Lewis Money Show Live about Lasting Powers of Attorney (LPA) are worth highlighting. He stated, “I think a Power of Attorney is more important than a Will,” explaining a viewpoint we’ve often shared. An LPA is a crucial legal document that allows families or trusted friends of individuals with conditions like dementia to make decisions and manage their loved one’s affairs when mental capacity is affected.

As people live longer, age-related conditions such as dementia—an umbrella term for various memory loss disorders—are becoming more common. A Lasting Power of Attorney can provide invaluable support, alleviating stress and allowing families to make considered decisions about financial and medical care.

It’s important to note however, that an LPA can only be set up while a person still has the mental capacity to make decisions. For this reason, it should be considered alongside a Will. By making an LPA, you can ensure that your loved ones are better prepared and able to handle the challenges that come with aging.

With the start of the new year, many of us will be reflecting on what is important to them and their family and friends going forward. We encourage readers in Staines, Spelthorne, and beyond to take this opportunity to make vital legal decisions that can ease the burden on loved ones.

At Dale and Newbery, we specialize in this area of law. If you have concerns about setting up a Lasting Power of Attorney or any other legal matters, please don’t hesitate to get in touch with us. We’re here to help.