Libby Holding: Three important considerations in assessing mental capacity

'Document your conversations'

clock • 4 min read

In the UK around one person develops dementia every three minutes, writes Libby Holding, and so mental capacity is a growing area of interest among those operating in the will-writing and estate management market

The increasing importance of mental capacity is not only a result of the population living longer. It is also a combination of the numbers of people suffering from dementia and related conditions increasing, as well as a growing awareness of the issues that arise when people lose mental capacity without proper planning in place. According to the Alzheimer's Society, it is now estimated that one person develops dementia every three minutes in the UK, so the concerns around mental capacity look likely to only increase. And it is not only Alzheimer's - mental capacity could arise as a re...

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

PA Asks: Has demand for IHT mitigation risen at your firm?

PA Asks: Has demand for IHT mitigation risen at your firm?

This week’s poll also looks at the role of MPS and paperless operations

Professional Adviser
clock 25 March 2024 • 1 min read
FCA urged to prioritise a 'common sense' approach

FCA urged to prioritise a 'common sense' approach

Last week’s PA Asks poll highlights industry’s thoughts on the FCA

Sahar Nazir
clock 25 March 2024 • 2 min read
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