What Plans Do You Have In Place?
1st Aug 2017
It can be a very daunting time if you or a loved one gets a diagnosis of a degenerative or life limiting illness, but there are a number of ways that you can plan for the future. It is important to remember that if you consider all your options, you can live well with the condition and get the support you and your family requires.
Do you already have any type of Powers of Attorney already in place? These documents can be extremely important in allowing those you trust be appointed as your attorneys, so they can then assist you with your finances and your health. It is worth noting that a Lasting Power of Attorney for your property and financial affairs can be used at any point (if registered) and therefore means that if you become unable to look after your affairs, either temporarily or permanently, you will have someone there to help you.
It is also worth considering putting a Lasting Power of Attorney for your health and welfare in place. This will mean that your attorneys can speak on your behalf, if you are not able to, and help make decisions relating to any health, care or welfare needs you may have in the future. This will ensure that you have to your wishes followed, even if you are unable to communicate them for yourself.
Finally, it is a good time to review whether you have a Will in place. If you do not have a Will you should consider taking legal advice on how you would like your estate to be distributed and who you would like to appoint to be the executors to administer the estate. If you already have a Will in place it is worth reviewing it in light of your future potential care needs, as your financial position may start to change.
It is important to seek legal advice as soon as possible, as talking to a legal advisor will be enable the family of those diagnosed to assist and guide them through stressful and anxious times they are experiencing, even if it appears that they have begun to lose mental capacity. Other important issues to discuss with an advisor may be: –
- The planning of any future care needs – there are many different options to be considered from supported living, care in your own home, through to care or nursing homes depending on needs
- The funding of you care in the future – this ranges from self-funding to fully funded care depending on your condition and resources
It is important to get assistance as soon as practicably possible, the diagnosis of a life changing illness is always a difficult period to navigate for all people living with the issues. Our knowledgeable and experienced Private Client teams in Norwich and Attleborough offer the professional support and guidance that can significantly dilute many of the obstacles that need to be overcome.
Rogers & Norton are a member of the Norwich Dementia Alliance and act on behalf of many clients and families who are planning for their future.
Should you want to discuss anything arising from this article you can contact Laura Rumsey at firstname.lastname@example.org or on 01603 675645 or Wenke Lie-Critchley in our Attleborough office at email@example.com or on 01953 458162