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Preparing for death, divorce & dementia

The Martin Lewis Podcast

CHAPTER

The Importance of a Will

Nihal: I have a power of attorney even though I have no foreseeability of losing my faculties. If you haven't got a will and you die, there are in test state rules that tend to mean the money goes to your family. Nihal's father was suffering dementia when his mother died. She did everything and he lost. One day he didn't know his ATM pin,. got flustered and the bank was unable to do anything. We apply to the court of protection before we got anywhere. It's horrendously expensive and extremely sly. Make sure a power ofAttorney is in place with a trusted friend or relative. You can opt for it only to come into

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