Other Important Actions

Other Important Actions

Healthcare Costs: Around 1 in 4 of us will need some form of care before you die, whether it be at-home assistance or residential care. This can be a significant financial burden: In England the council generally helps to pay for care costs if you have savings less than £23,250. From October 2025 this will rise to £100,000 in savings. It may be that you’ll have to pay towards the cost of your care. The more money you have, the more you’ll be expected to pay.

It is important to consider potential healthcare costs and how you will cover them. It is also important to consider the impact on your family’s legacy if you will be self-funding.

Lasting Power of Attorney (LPA): Making LPAs is one of the most important things you can do. It gives you control over your healthcare and finances for the time when you may be unable to make decisions for yourself.

Main Points:

  1. Types of LPAs:
    • Health and Welfare LPA: Allows someone to make decisions about your health and personal welfare.
    • Property and Financial Affairs LPA: Permits someone to manage your property and financial matters.
  2. Activation:
    • Health and Welfare LPAs are effective when you lose mental capacity.
    • Property and Financial Affairs LPAs can be used as soon as they’re registered, with your consent.
  3. Registration
    • LPAs must be registered with the Office of the Public Guardian to be legally valid.


  • Control and Peace of Mind: You choose trusted individuals to make decisions on your behalf. This ensures decisions are made according to your wishes and best interests.
  • Flexibility: You can specify how and when your attorneys can act, and can revoke or update an LPA as long as you have the mental capacity.
  • Protection in Unexpected Situations: Having an LPA prepares for unforeseen events like illness or accidents leading to loss of capacity, and prevents delay and expense of court processes to appoint a deputy.
  • Financial Management: It ensures continuous management of your financial affairs, including paying bills and managing investments.
  • Healthcare Decisions: Your chosen attorney can make healthcare decisions if you’re unable to, ensuring your health preferences are respected.
  • Reduced Family Burden: Eases the strain on family members by clearly outlining who will make decisions and how.

LPAs are a crucial element of future planning, offering reassurance that your affairs and welfare will be handled according to your wishes by those you trust.

Contact us for advice and assistance in arranging LPAs.

Get In Touch With Us

If you like what you have seen on our website, the next step is to get in touch, we offer a free initial discussion with no obligation. You can do this face to face, by phone, or on Skype.

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Please rest assured that we take your privacy very seriously: We will never share or sell your personal details to anyone without your permission.

Apex CB Financial Planning Ltd, Poole

BH16 6HX, Suite 2, Jellicoe House

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