Rise in dementia results in a surge of Lasting Powers of Attorney registered
Last year research was released which revealed that dementia is now officially the biggest cause of death in England and Wales.
Over recent years, there has also been a rise in the number of people finding out how they can get a Lasting Power of Attorney in place.
Ahead of Dementia Action Week, we take a look at why the rise in dementia has made it even more important for people in the UK to register a Lasting Power of Attorney.
If you are looking to create your LPA then you are in the right place, just contact our expert estate planning team today by calling 01282 695 400 now.
Dementia is on the rise
For the first time, dementia has overtaken heart disease to be the leading killer in England and Wales.
Dementia is a mental disorder which can be caused by injury or brain disease, and its symptoms include memory loss, impaired reasoning and quick changes in personality.
Back in 2015, it was reported that 1 in 9 people die of dementia, and this figure is only set to increase with a cure for the condition still to be found.
There are many reasons as to why dementia rates are on the up, such as the increase in people receiving a formal diagnosis, doctors being more educated on the behaviour of those with dementia, and the gradual increase on life expectancy.
Why are LPAs also on the rise?
Reports in 2015 disclosed that in the space of 7 years the amount of people registering LPAs yearly shot up from only 36,000 to a huge 441,500.
An LPA is a legal document that allows you (the donor) to appoint a person or multiple people (attorneys) to handle your affairs, when illness or injury reduce your mental capacity to a state where you can no longer manage your affairs by yourself.
Here at Future Planning Solutions, regardless of the rise in dementia, we always strongly advise that you have an LPA in place if you have not yet done so.
Nobody knows what is around the corner, and if for whatever reason your mental capacity deteriorates to a state where you can’t handle your affairs and you do not have an LPA written, serious implications could follow.
You can find more information on how a Lasting Power of Attorney can protect you by clicking here.
Don’t take the risk, create your LPA today
By instructing one of the expert solicitors here at Future Planning Solutions to help you draft your LPA, you can be reassured that your affairs somebody who you trust.
So contact us today for expert estate planning advice, by calling our dedicated legal team now on 01282 695 400.
Alternatively, if you can’t discuss your situation with us at the moment you can arrange for us to contact you at a more suitable time by reaching us online.
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Book a free conversation with one of our specialist solicitors to find out how Future Planning Solutions can take the hassle out of handling your affairs.
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