Scarlett Musson: Don't lose sight of the LPA

Lasting power of attorney

clock • 3 min read

Whether you undertake the administration and fulfilment of a will and LPA yourself or use a specialist partner, a discussion on both should form part of regular conversations with all clients, argues Scarlett Musson

There is now a prompt on the majority of fact-find documents to ask your clients whether they have a will. Sadly, though, similar attention is not given to asking about lasting powers of attorney (LPA). With so much focus on the ‘ageing population', and horror stories regularly in the press about the issues caused by not having an LPA in place, most advisers should have this on their radar.  As we will see, this is vital - not just for your client and their family, but also for you and your business. Some advisers may consider their clients would not be interested in having an LPA in ...

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 Your profession

Advisers overlooking younger clients over asset value bias

Advisers overlooking younger clients over asset value bias

'Young people need to have access to trusted advice'

Sahar Nazir
clock 22 March 2024 • 1 min read
Financial advice crucial as near-term challenges remain

Financial advice crucial as near-term challenges remain

'A good IFA has rarely been more valuable'

Ahmed Bawa
clock 22 March 2024 • 4 min read
Feel Good Friday: Influencers back financial charity's campaign

Feel Good Friday: Influencers back financial charity's campaign

Financial influencers to support MyBnk’s Global Money Week campaign

Professional Adviser
clock 22 March 2024 • 1 min read