Whether we have "all our marbles" at the end of
life's journey is a question for the crystal ball. However, as
our life expectancy increases in parallel with the number of cases
of dementia diagnosed each year, it may be better to plan for a
"hole in the bag". But what does it really mean in legal
terms when we say someone is Lacking Financial Capacity?
You can make a plan for if you lose your ability to manage your
own financial affairs. Under an Enduring Power of Attorney you can
appoint a trusted person to make financial, legal and property
decisions on your behalf now and in the event that you are lacking
financial capacity.
Your attorney could access your bank accounts, pay your bills,
invest and trade assets on your behalf.
