at Taylor Bracewell it's becoming more
common for us to be asked for advice
from from clients whose relatives have
been diagnosed with the early stages of
an illness such as dementia or
Alzheimer's disease and quite often
people in a panic or distressed about
what they need to do one of the key
things to do in that situation is to
investigate whether the relative can
make a power of attorney a lasting power
of attorney is a legal document that
allows somebody to appoint other people
to make decisions on their behalf there
are two types one deals with property
and finances and the other deals with
health or welfare both can be equally as
important for different reasons if
somebody has been diagnosed with the
early onset of an illness it's more
likely at that point that they would
still have capacity to make a lasting
power of attorney
there are also important considerations
in that situation particularly if it's a
spouse or a partner that has been
diagnosed the danger is that if once one
one spouse or partner dies and their
estate passes to the other then all of
these state could be taken into account
to pay for care fees if your spouse or
partner has been diagnosed with the
early early stages of an illness then
you could take action to protect your
share of any joint assets from having to
pay for their care if you died before
them
