Jump to contentAllNewsSportCultureLifestyleMoney Saving Expert founder Martin Lewis has urged people to pay for a lasting power of attorney (LPA), describing the document as “more important than a will”.Power of attorney exists to give families control over what happens to someone if they suffer an accident or an illness and are unable to make their own decisions.Speaking on his BBC podcast, Mr Lewis said: "If you lose mental capacity, don't assume relatives can access your bank, your insurance, and a whole host of other things. And that can literally mean the money you need to pay for your care is locked away and inaccessible.”He added: “Losing faculties doesn't just happen to the elderly. Some people have severe strokes, they have accidents, they have early dementia. I've had a power of attorney in place since my 30s."Registering for LPA costs £92 in England and Wales, £96 in Scotland, and £180 in Northern Ireland. In fullMartin Lewis urges people to sign £92 document ‘more important than a will’More bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
The financial document Martin Lewis believes is ‘more important than a will’
Jump to contentAllNewsSportCultureLifestyleMoney Saving Expert founder Martin Lewis has urged people to pay for a lasting power of attorney (LPA), describing the document as “more important than a will”.Power of attorney exists to give families control over what happens to someone if they suffer an accident or an illness and are unable to make their own decisions.Speaking on his BBC podcast, Mr Lewis said: "If you lose mental capacity, don't assume relatives can access your bank, your insurance, and a whole host of other things. And that can literally mean the money you need to pay for your care is locked away and inaccessible.”He added: “Losing faculties doesn't just happen to the elderly. Some people have severe strokes, they have accidents, they have early dementia. I've had a power of attorney in place since my 30s."Registering for LPA costs £92 in England and Wales, £96 in Scotland, and £180 in Northern Ireland. In fullMartin Lewis urges people to sign £92 document ‘more important than a will’More bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
