An adult daughter is worried about her mother’s increasing anxiety and inability to manage her
Money matters can cause stress and anxiety for the best of us, even at the best of times, but, often, as people get older they start to lose confidence in dealing with matters such as paying bills, managing investments, monitoring savings and with simply paying day to day bills.
Our client came to us as she was worried that her mother, who is in her early 70s, was spending too much time feeling stressed and anxious about dealing with her finances. Although she still had full mental capacity, she did suffer from mild hearing loss which made speaking to financial institutions, especially over the phone. incredibly difficult and daunting.
We immediately took steps to meet with this lady’s mother at her home and help her put a Property & Financial LPA in place which, crucially, was able to be used as soon as it had been registered with the Office of the Public Guardian : it was not necessary to wait until mental capacity had been lost.
If you, or a parent or relative, or in a similar situation and would like to discuss your options, please do not hesitate to contact us here or call 07790 041648.