Planning Ahead

Planning
Ahead

Peace of mind for you
and your loved ones

Equity release is designed to remain with you for your lifetime and we believe that it’s
important when considering equity release to consider how your longer-term financial and
legal planning could impact other things such as your ability to make day to day decisions
and access savings, additional or reserve funds in the future. That’s why we offer a Plan
Ahead service to make sure you can give yourself and your loved ones peace of mind.

Our dedicated team of specialists can help you with...

Lasting Power of Attorney Wills

In case you are unable to State how you wish your estate to
make your own decisions be distributed upon your death

With a Lasting Power of Attorney

• If you lose the ability to make certain decisions for yourself, a lasting power of
attorney (LPA) lets people you trust, quickly, easily and legally step in to help you make
your decisions.

Without a Lasting Power of Attorney

• Your next of kin does not get the final say on your treatment decisions.

• Your partner cannot make decisions on your behalf for a joint bank account.

• Your loved ones will not be able to access any of your sole bank or saving accounts,
or make financial decisions on your behalf.

• Your partner/loved ones will not be able to manage your assets meaning they will not
be able to access equity release, mortgages or buy and sell any properties owned jointly or
solely in your name.

Did You Know?

Being married or in a
civil partnership does
not allow your spouse to
deal with your bank
account, access funds
or make decisions on
your behalf if you’re

unable to do so.

Without an LPA your next-of-kin would have to apply to the Court of Protection to make any
decisions for you, including managing your bank accounts, paying your bills or even deciding
where you should live. Applying to the Court of Protection can be a slow, stressful and
expensive process and there’s no guarantee who they would appoint.

If you have an accident or suffer from an illness that stops you being able to make decisions
for yourself it’s then too late to put an LPA in place.

There are two types of LPA Property and Financial Affairs

Health and Welfare Allows your attorney to make decisions or
help you with your finances, including
Allows your attorney to make decisions managing your bank account, paying bills or
regarding your medical care and daily selling your home. Without this type of LPA
routine, including things like life-sustaining access to your joint assets including
treatment and moving into a care home. money held in bank accounts may be
Without this LPA your family could find restricted for all account holders until a
it difficult to gain control of these deputy is appointed. This type of LPA can
decisions if you’re unable to make be used only with permission straight away
them yourself. This type of LPA can only once it’s registered, even if you still have
be used when you’re unable to make your capacity.
own decisions.

At Age Partnership we strongly recommend
that all our clients have an LPA in place when
they take out an equity release plan.

This is because without one it can be very hard to make any changes to your plan
later down the line, such as withdrawing funds from a drawdown facility or moving to
a cheaper plan if one becomes available.

Did You Know?
Fewer than 4 in 10
adults in the UK
have made a will

Wills

Writing a will is still the safest way to ensure that all your wishes are carried out when you
pass away. Without one, not only will your estate be distributed according to the laws of
intestacy, which may see your hard-earned assets not ending up where you’d want them to
but family disputes could result in a lengthy and expensive probate process for your loved
ones.
If you do have a will, it’s also important to make sure that it is up to date. Wills should be
reviewed at least every 5 years but also whenever there’s a change in your circumstances,
for example the birth of a new grandchild.
If you would like to speak to a specialist about your LPA or will you can call 08000 810 110.

If you have any queries, please call us on

Freephone 08000 810 110
or visit agepartnership.co.uk/lpa

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Lasting Power of Attorney, Age Assist, part of the Age Partnership Group,
2200 Century Way, Thorpe Park, Leeds, LS15 8ZB

Age Partnership Limited arrange LPA’s through a subsidiary - Age Assist Limited, 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB
Tel: 0800 464 0190 Email: [email protected] Company registered in England and Wales No. 08340133. Age Assist Limited is
authorised and regulated by the Financial Conduct Authority. FCA registered number 715911.

PAMay2022