With Lasting Powers of Attorney (LPAs) becoming an ever more important tool to assist and support loved ones, the debate surrounding the modernisation of the system becomes increasingly vital. Ministers are looking at updating the current system to make it more accessible, simpler, and quicker - (words from ministers that strike fear into any professional dealing with these matters day to day).
As we have all seen during Covid, many of the archaic systems we relied upon are no longer fit for the digital age, but when does modernisation lead to weaker safeguards and result in a poorer system overall?
Whilst the current system is far from perfect, in fact, it is downright shambolic at times, by making LPAs more accessible and introducing a 'fast-track', there is a real risk of the system being open to abuse and fraud.
The old phrase "if it ain't broke don't fix it" springs to mind, however clearly there are breaks here that need fixing - just maybe not at the expense of the safeguards and protections that the current system has in place.
If you're looking for advice on getting an LPA put in place, Lodders can help. Please do get in touch if you have any queries.
Ministers are looking to overhaul the legal process for people to nominate someone to take financial and health decisions on their behalf if they lose the ability to act for themselves.