Later Life  

Law firm warns of increasing abuse of lasting power of attorneys

AJ Somal, chartered financial planner at Aurora Financial Planning, said: “I have not come across any mismanagement of LPAs or guardianships amongst my clients, but with the eventual inheritance of billions of pounds of asset rich post-war Baby Boomer generation to their respective beneficiaries, this is an eventuality we may well see over the next few decades across this side of the pond as well.”

aamina.zafar@ft.com