At some point in life, your loved one may not be able to make their own decisions. When this happens, they may require you to make decisions for them. Although it's a difficult situation to think about, it can be made easier through planning ahead. If your loved one may soon be unable to make decisions regarding health or financial matters, it may be time to put a power of attorney in place. Power of attorney is a legal document that gives a person the authority to take care of the finances of someone who no longer can. It could be that they have become incapacitated or are in …
How Much Does a Funeral Cost in 2023?
We’ve all seen the adverts talking about how expensive funerals are nowadays. As we get older, many of us may start to worry about whether we can afford one, or if our loved ones are going to get saddled with the bill. It’s not something we want to think about, but we have to consider funeral costs. How Much Does a Funeral Cost? According to SunLife’s Cost of Dying Report, the average cost of a basic funeral is now £3,953. This is a drop of 2.5% since 2021. 2021 was the highest funeral costs had ever been, seeing an increase of 128% since 2004. The figures also show that …
Personal Independence Payment: A Guide
If your loved one needs help with day-to-day tasks, whether that includes problems with mobility or daily living, they may be eligible for Personal Independence Payment (PIP). This useful benefit could help provide financial aid to help them get the support they need. What is Personal Independence Payment? Personal Independence Payment is a tax free benefit that replaced Adult Disability Allowance. It is provided to people over 16 and under State Pension age. This benefit is designed to help people who have difficulty completing everyday tasks or getting around due to a …
Senior Discounts – Shopping & Entertainment
In this part of our senior discounts blog series, we look at the discounts that are available across different shops, both online and in-store. Plus, we've included some entertainment discounts. As an over-60 you can be entitled to up to 10% discount in certain stores, and receive some great offers, all of which we will discuss here today. We previously touched on all the offers that seniors can receive in restaurants. If you're not into eating out so much and want to save money in other ways, then read on as we talk shopping. Boots You may already know about the Boots …
How to Borrow Responsibly and Avoid Loan Sharks
Many of us worry about bills, and the recent increases in the cost of living have made covering these costs even more of a challenge. Sometimes, we may decide that loans are necessary to get us through the toughest months. However, it is important to borrow responsibly, as the world of money lending can be a dangerous one. As much as we like to think that people are happy to help each other, there are people who prey on the vulnerable. They may offer to cover the costs of your bills, only to demand you pay them back with interest. A failure to pay them back may result in threats. …
Everything You Need to Know About Ordinary Power of Attorney
When it becomes difficult for a loved one to make decisions for themselves or their affairs, either temporarily or permanently, a power of attorney can be put in place to guarantee their finances and health, among other assets, are well looked after. Power will normally be delegated to a family member, friend, or even a solicitor. Anyone can be selected as long as they are over the age of 18. There are multiple forms of power of attorney. In this article, we will be looking at an ordinary power of attorney. However, you can find out more about the other types by reading Plan …
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