Unlike a Will, which deals with your estate after you die, an LPA deals with financial or care decisions when you’re still alive but may lack capacity.

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There are currently around 850,000 people with dementia in the UK. This is projected to rise to 1.6 million by 2040. 209,600 will develop dementia this year, that's one every three minutes. The only way to legally ensure someone can look after your affairs or decide upon the care you should receive is by making Lasting Powers of Attorney.

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Without an LPA, your loved ones could end up having to make difficult decisions or pay out a lot of money on your behalf. The Court of Protection would have to appoint a deputy to manage your affairs, which can be both time-consuming and costly.