Whilst it can be difficult to consider when you may require some assistance with your affairs, you are never too young to create a lasting power of attorney. There is also a common misconception that a husband and wife have an automatic legal authority to manage each other’s affairs but unfortunately, they do not.
A lasting power of attorney allows you to provide someone with the authority to make decisions about your finances and your health and welfare.
In the event that a person loses their mental capacity without putting a lasting power of attorney in place, an application will need to be made to the Court of Protection. If possible, this should be avoided as this involves a very long, onerous and expensive court application.