Imagine you've taken out an equity release plan with a draw-down facility. Now, imagine you lose mental capacity and haven’t set up a Lasting Power of Attorney (LPA). Your family can't access your funds. Your draw-down account is frozen.
This isn’t hypothetical. It’s happening every day.
Without an LPA in place for both Property & Finance and Health & Welfare, your loved ones must go through the lengthy and expensive Court of Protection process. This can take many months and cost thousands of pounds—leaving your family financially stuck at a critical time.
Benefits of an LPA include:
-
Immediate legal access to manage your finances if needed
-
Making decisions about your care, home, and wellbeing
-
Avoiding disputes or delays during medical emergencies
If you lose capacity and have no LPA, your equity release funds could be locked away. Protect your future access today.
Leave a Reply