Martin Lewis Advocates for Power of Attorney

Martin Lewis, a renowned personal finance expert, is urging individuals across the UK to prioritize establishing a Power of Attorney, which he describes as 'more important than a will'. He emphasizes that this legal document allows a trusted individual to make decisions on one's behalf if they become incapacitated due to accidents or illnesses, rather than just aging-related issues. Lewis shared his own experience of setting up his Power of Attorney at the age of 35, advocating that everyone, regardless of age, should consider this precaution. He highlighted the complexities and costs associated with applying for the Court of Protection if no Power of Attorney is in place. A reader's testimony illustrated the difficulties faced when trying to manage a loved one's affairs without this legal tool, underscoring Lewis's message. The cost to register a Power of Attorney is relatively modest, at £82 in England and Wales, yet many overlook its importance until it's too late.