Dementia Awareness Week 17th – 25th May 2015
Dementia Awareness Week is a campaign run by the Alzheimer’s Society to raise awareness about dementia and Alzheimer’s disease in the United Kingdom. It is estimated that this year there will be 850,000 with Dementia in the UK with numbers set to rise to 1 million by 2025.
The theme of this years Dementia Awareness Week is that ‘Life doesn’t end when dementia begins’ and the campaign is designed to help people understand how they can hold on to their lives and the things they love for longer as well as helping local communities feel better prepared to manage dementia.
At Kenyon Son & Craddock we are keen to promote Dementia Awareness and to highlight the importance of making provision for your future. By preparing Lasting Powers of Attorney and Wills you can ensure that your wishes are carried out during your lifetime and following your death.
Lasting Powers of Attorney
By making a Lasting Power of Attorney you are able to appoint someone who you trust to deal with your affairs if you need any assistance in the future. If you become mentally incapable of dealing with your affairs then your attorney can continue to assist you under the Lasting Power of Attorney (LPA).
If you have not made a Lasting Power of Attorney and you become mentally incapable to make one in the future, through accident or illness, it may be necessary for an application to be made to the Court of Protection to appoint someone (known as a ‘Deputy’) to deal with your affairs. The application to the Court is complex and costly and you will not be able to choose your Deputy.
There are two types of LPA: Property and Financial Affairs and Health and Welfare. The Property and Financial Affairs LPA allows the person or people you choose (your ‘Attorneys’) to deal with your finances such as your bank accounts and home, on your behalf.
The Health and Welfare LPA allows your Attorneys to make decisions about your medical treatment and care should you be unable to make these decisions yourself. Your Attorneys can only use the Health and Welfare LPA should you lose mental capacity.
In order for your Attorneys to use the LPAs they must first be registered with a government body, the Office of the Public Guardian.
Making a Will is a vital part of planning for your future. It allows you to state how you wish all of your assets, which include your personal items, bank accounts, home, and anything else which you own at your death, to be dealt with when you pass away. It is a common misconception that all assets pass automatically to the surviving members of your family if you do not leave a Will. Government legislation, The Intestacy Rules, dictate how your estate is dealt with if you do not leave a Will (known as dying ‘Intestate’), and this may not be in accordance with your wishes.
In order for your Will to be valid it must be properly drafted and executed. It is important to instruct experts to make your Will, who can also provide advice on inheritance tax planning and later life issues.
If you plan now, all the provisions will be in place for you and your family to give peace of mind and security for the future.