According to government figures, less than 1% of the population has lasting power of attorney in place, so someone can make decisions for them if they’re ever unable to.
However, you may not always be able to deal with your own affairs – for example if you ever develop dementia, or should you become seriously injured and suffer brain damage.
If these things were to happen, you would have no way to be sure the decisions being made about you, and things such as your bank account, were in your best interest.
Giving lasting power of attorney over some or all of your affairs to a loved one may be the answer. If you would like more information about that, or what’s known as ordinary power of attorney, the specialist solicitors at First4lawyers are here to help.