Stephen Little explores the importance of power of attorney with advisers who say it is "part and parcel" of the planning process and has become even more relevant during the Covid-19 pandemic
The coronavirus pandemic and its impact on health means it is more important than ever for financial advisers to make clients aware of the benefits of having a lasting power of attorney (LPA). Getting an LPA can save families undue stress and expense if they are worried about the health or mental capacity of a relative. Rachael Griffin, tax and financial planning expert at Quilter, says the health problems caused by the Covid-19 pandemic have highlighted the importance of having an LPA. "LPAs are not just for the old and the mentally incapacitated," she says. "The pandemic is a rem...
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