Chestnut Financial Services

Chestnut Financial Services, Financial Advisers

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Call Us: 01522 788887

Independent Financial Advisers

Solving Problems For Our Clients

Chestnut Financial Services, Financial Advisers
Lasting Power of Attorney advice from Ian Francis, Independent Financial Adviser
Lasting Power of Attorney advice from Ian Francis, Independent Financial Adviser

Lasting Power of Attorney Advice - understandable, independent, experienced

Whatever your need for lasting power of attorney advice is, you shouldn't be left confused about the best next steps, since being protected should you become unable to handle your own financial and medical decisions is the most important thing in life.

Unfortunately, people often associate incapacity with a slow degenerative condition, such as dementia, which may allow plenty of time to arrange any legal documents before capacity is fully lost. However, whilst dementia is a common cause of incapacity, there are many other ways capacity can be lost without warning, for example, a stroke, heart attack or traumatic injury.

Whatever you are looking for, when it comes to Lasting Power of Attorney advice, we'll help you understand your options, answer your questions and, if you want us to, help draft the documents for you.

If you are an attorney, you may want advice about what your role and responsibilities are, what you are allowed to do and not allowed, how to keep records, and how to organise care or pay bills and fees. Our role is to give you the answers to all those questions.

We think that makes great lasting power of attorney advice!

I haven't lost my marbles!

When talking about powers of attorney, I sometimes hear something along the lines of 'I don't need a Lasting Power of Attorney - I haven't lost my marbles'.

That's precisely the point!

A Lasting Power of Attorney is designed to ensure you choose someone you trust to represent you and to make decisions on your behalf if you are unable as it's too late at that stage to make a Lasting Power of Attorney.

There are, unfortunately, many high-profile instances of people suddenly rendered incapable whilst in the prime of life.

There is no money saved by waiting, and why not be protected from now?

Lasting Power of Attorney advice Photo of Ian Francis2
What happens if you lose capacity?

It is often - wrongly - assumed that family members will be entitled to make medical decisions for their incapacitated loved ones and to deal with their assets.

Without a Lasting Power of Attorney, family members may not be able to:

  • Deal with any assets that the incapacitated person holds in their name, including joint assets such as bank accounts - the assets are "frozen".
  • Pay bills, manage bank accounts (including accessing the money or stopping payments), and deal with property, savings, or pensions.
  • Give instructions to utility companies where you are the account holder.
  • Sell assets, if, for example, that were required to fund ongoing care, even if it is jointly owned.
  • Be fully involved in decisions regarding their loved one's care and medical treatment.

Those seeking to act on their behalf will need to apply to the Court of Protection for a Deputyship Order and this involves instructing solicitors to issue proceedings.

This can often cause undue financial hardship and distress at a time when they're trying to cope with a life-changing event.

By getting Lasting Power of Attorney advice, you will have peace of mind that your wishes will be acknowledged and someone will be able to make decisions on your behalf.

Lasting Power of Attorney Advice Photo of Farley the Labrador
A warm welcome from Farley
What's on your mind? Let's talk...

We offer a free, no-obligation, initial telephone consultation for new clients to answer some initial questions and help you with some first steps.

After that, we will then ask if you would like to set aside more time at a good time of day for you, when we can meet in person (with or without Farley), on video, or by phone, whichever is most convenient for you.

If you would like to use our services after our initial telephone call then we charge an hourly fee of £150, including travel time. We can also agree on a fixed fee depending on what you need.

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What it means to be SOLLA accredited

Clients requiring financial planning in their later life benefit from advice that is clear and concise. Such advice comes from an adviser that is suitably qualified and experienced to advise them and manage their financial planning.

We have been advising clients on long term care solutions for several years now, backed up not just by professional qualifications but also by the membership of various professional bodies, most notably the;

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What our clients have said

"We called Ian having been recommended by a friend of ours. He simply took the time to explain things, write out the forms for us, wrote out what we needed to do and kindly called our son and daughter to explain what they needed to do as our Attorneys. So the paperwork was all dealt with by Ian for us, in such a lovely way. Our entire family are grateful for his thoughtful work."

Mary, Navenby

Important Information

Please note that estate planning services are not regulated by the Financial Conduct Authority.

Contact Us:

Call 01522 788887

Email ian@chestnutfs.co.uk

Chestnut Financial Services Limited

2a Sadler Court, Lincoln, LN6 3RG

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The guidance and/or advice contained within this website is subject to the UK regulatory regime. It is therefore targeted at consumers based in the UK. Chestnut Financial Services Limited. Registered in England no 9918363, 2a Sadler Court, Lincoln, LN6 3RG. Authorised and regulated by the Financial Conduct Authority.