The Business Bulletin
Is a lasting power of attorney important? Below is an extract from a blog I wrote a few years ago – whenever I am asked about losing mental capacity: “I am too young” etcetera I refer my clients to this story shown by the One Show by the BBC, hopefully, you will see why. Tim Mullock
Adept Asset Solutions The core of what Adept Asset Solutions does is about family. Tim started the
Heather Bateman’s world suddenly
Aside from the shock of the accident
and noiselessly imploded. A successful
and the trial of seeing that her
children’s author, Heather was happily
husband was well-cared for, Heather
married and comfortably off. Life had
was forced to deal with numerous
been good. With a London house,
everyday financial matters that come
a cottage in Norfolk and numerous
with a large family.
children, step-children and stepgrandchildren, there had been little about which to complain. Until now. Heather was kneeling at the edge of
They had each written a will and shared the two properties. With separate bank accounts, most of the bills were paid from Michael’s. But,
a country road, bent over her husband,
of course, the wills were irrelevant.
Michael. Moments before he had been
Because though completely
strolling towards her when he was
unconscious, Michael was still alive.
struck by a car. As he lay motionless
Heather had no way of accessing his
and Heather knelt, waiting for the
bank account. How was she to pay all
ambulance, she sensed that life for her
those bills?
company in 2013 to make estate planning local and straightforward. He has been helping people manage their wealth and estates for thirty years and reached the point where he knew he could help people more effectively on his own. When growing up, Tim’s uncle introduced him to the exciting world of stocks and shares. It gave him a passion for helping money grow and why wealth management was critical. He loves knowing his clients have peace of mind, knowing their wealth is protected and will stay in their family for generations to come. 07523 952252 tim@adeptassetsolutions.co.uk adeptassetsolutions.co.uk
was set for a dramatic change.
Looking after day-to-day finances
The Court of Protection – a necessary evil
support, The Court of Protection was there to protect Michael from her – to
A solicitor advised Heather that the
actually make it difficult for her to
She was right. As Heather feared,
only route open to her was through
gain access to vital funds. The only
Michael’s injuries were terrible. He
the Court of Protection, sometimes
way through was for Heather to go
went into a coma, from which he
known as the Public Guardianship
through a long, complex procedure,
would never recover. Of course, there
Office. How does this work? Perversely,
filling in numerous forms detailing
was much for Heather to deal with.
although it was Heather who needed
every aspect of their lives. Effectively,
18 | Issue 7 – Operations and Resources
