Lasting Power of Attorneys allow people to delegate authority for financial and/or welfare matters to someone they trust
Used to plan ahead for mental incapacity– ONS data now shows Dementia and Alzheimers as leading cause of death
Data obtained by Old Mutual Wealth* shows 1.5m have handed over power for property and financial affairs
LPA registrations jump from 129,000 in 2010 to 441,000 in 2015