Who would you like to manage your affairs if you were unable?
Many of us care for or know someone who is caring for, a person with Alzheimer's or dementia. There are over 20,000 people with dementia in Northern Ireland, with the number expected to reach around 25,000 by 2021. Roughly 40,000 across the UK that suffer from dementia or Alzheimer's are under 65 years of age.
With this in mind, it’s more important than ever to plan ahead to ease the potential burden on relatives should you lose mental capacity in the future. An enduring power of attorney (EPA) is a legal way to give another individual the legal authority to make decisions on your behalf should you lose the capacity to do so. It’s not just for the elderly; younger people may also become incapacitated through accident or illness.
Make an Enduring Power of Attorney before it's too late
An enduring power of attorney can only be made whilst you still have mental capacity. After you have lost mental capacity your family will have to apply to the court of protection in order to become your ‘deputy’ and make decisions on your behalf. This is an extremely timely and costly process and the powers a deputy has are limited compared to those of an attorney.