Lasting power of attorney:
You give a person (your attorney) the authority required to enable them to deal with your financial or personal welfare affairs, in the event of you losing mental capacity.
In the event that you lose mental capacity to manage your finances or your own personal welfare, and if you have not arranged a lasting power of attorney, the Court of Protection can issue a deputyship order to appoint a person (your deputy) to manage your affairs.
Unfortunately, incapacity can strike us all. It is important to remember that a lasting power of attorney is not just reserved for the elderly. For peace of mind, a lasting power of attorney can be signed giving you the power to decide who you would wish to look after your affairs in the event that you are unable to do so.