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A Scottish firm urges UK households to create power of attorney and care plans to protect assets and avoid legal issues, stressing early action.
A Scottish estate planning firm, ILAWS, is urging households to establish power of attorney and long-term care plans to prevent legal and financial issues.
Without formal documentation, even spouses or next of kin cannot manage finances or make medical decisions if someone becomes incapacitated.
The firm warns that family homes may be counted as assets for care cost assessments if they exceed £32,750, risking loss of ownership.
It promotes solutions like property trusts and structured transfers to protect homes while securing care funding.
ILAWS offers power of attorney services for £375 including fees and free consultations, emphasizing that early planning is critical for all adults, not just the elderly.
A new TV campaign, “No Drama,” aims to raise awareness about the importance of proactive estate planning.
Una firma escocesa insta a los hogares del Reino Unido a crear planes de poder y cuidado para proteger los activos y evitar problemas legales, haciendo hincapié en la acción temprana.