Chloe Faulkner: Can anyone afford to not have an LPA?

The importance of Lasting Power of Attorney

clock • 3 min read

Using the sad and well-publicised example of Kate Garraway and her husband Derek Draper, Chloe Faulkner explores why having a Power of Attorney is so important

Kate Garraway has long been a familiar face on the morning news circuit, but recently has found herself in the spotlight for more personal, and difficult, reasons. In March this year, her husband Derek Draper contracted Covid-19 and has remained very seriously ill, including a long period of time in a medically-induced coma.  In addition to the emotional toll this situation must have placed upon Garraway and her family, she has also recently spoken of the difficulties she is facing in a practical sense. She explained the ways in which dealing with general paperwork, particularly that sur...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Don't let these five tax changes slip through the advice net

Don't let these five tax changes slip through the advice net

Changes to tax policy advisers need to be aware of

David Downie
clock 18 April 2024 • 3 min read
Minimising clients' IHT liabilities: Where there's a will there's a way

Minimising clients' IHT liabilities: Where there's a will there's a way

There are ways to mitigate an anticipated inheritance tax bill

Richard Burgess
clock 08 April 2024 • 4 min read
HMRC warns about taking benefits until it fixes LTA abolition rules

HMRC warns about taking benefits until it fixes LTA abolition rules

Request came just two days before the LTA abolishment date

Jonathan Stapleton
clock 05 April 2024 • 1 min read