Future Care Planning is not just for the elderly
- Author: David Crosby
- Posted on: 8th January 2018
- Posted in: Blog
Why should future care planning be a consideration regardless of age?
I came across this incredibly emotive and thought-provoking article in the Telegraph which made me think about how fragile life is, at what point do need to consider future care planning in case of serious illness or an unforeseen accident? Just because someone is young doesn't mean that they aren't susceptible to something debilitating and life -changing happening to them just as it did to Lotje Sodderland at the age of 34!
There is the assumption that a Lasting Power of Attorney is reserved solely for those of an older generation. If we were to suggest that Gen Y, Gen Z, and Millenials should be more aware of taking care of their future planning, I'm sure it would be met with a look of confusion and brushed off as unnecessary.
However, the article highlights exactly the reasons why it is not a ridiculous notion to suggest that in fact, it is just as important that should the unthinkable happen, your best interests will be taken care of instantly by loved ones.
For those who are unfamiliar with the term Lasting Power of Attorney here is a brief outline of what it is and how it works:
For those facing ill health, sudden or more usually slowly on-setting, it is essential to get your affairs in the best possible order so that all of your time and energies can be on focusing on your treatment and making the most of life while still able to do so.
A Lasting Power of Attorney enables you to give someone you trust the legal authority to act on your behalf regarding managing and making decisions on your financial affairs and also on important Health & Welfare issues should you lack the mental capacity to do so, or if you simply prefer to no longer make certain decisions in the future.
Perhaps the need to have a Lasting Power of Attorney should be higher up on the priority list for people as part of their 'normal' life and future planning. Maybe it is not wise to leave it until they deem themselves to be old enough to warrant having one in place.
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David Crosby, Managing Partner