Martin Lewis Calls for LPA to Be an Essential Part of Financial Planning

21st February 2025

As the New Year inspires individuals to make resolutions about improving their lives and planning for the future, financial expert Martin Lewis is urging everyone to set up a Lasting Power of Attorney (LPA) as an integral part of their personal and financial planning.

Contrary to popular belief, LPAs are not just for older adults. Life can be unpredictable, and having an LPA in place ensures that trusted individuals are empowered to make critical decisions on your behalf, whether related to health care, finances, or living arrangements, in case of unexpected circumstances. 

Appearing on ITV’s This Morning, Martin Lewis emphasised the importance of setting up an LPA, sharing that he secured his own LPA at the age of just 35. He urged others to act early: “I don’t care how old you are, it’s not just about dementia—it’s about severe strokes, accidents, and other situations that stop us from being able to manage our financial and health decisions. A power of attorney is arguably more important than a will.”

Why Everyone Should Have an LPA:

• Peace of Mind: An LPA ensures your wishes are respected and decisions are made by someone you trust.
• Financial Security: It protects your assets, investments, and financial interests if you become incapacitated.
• Life Happens: Accidents or sudden illnesses can affect anyone, regardless of age or health status.

Matt Cresswell, Founder of PowerofAttorneyOnline.co.uk, shares his insight: “Many young people think an LPA is something to worry about later in life, but the truth is, it’s a crucial part of financial and personal planning at any age. Planning ahead protects your loved ones from unnecessary stress and gives you the confidence that your wishes will always be respected.”

PowerofAttorneyOnline.co.uk offers an easy-to-use, affordable, and secure platform for creating LPAs, removing the guesswork and ensuring that the process is legally compliant. Their step-by-step guidance empowers users to take control of their future with confidence.

This January, as you set goals for a healthier and more organised year, consider including an LPA as part of your plans. Protecting your future isn’t just a resolution—it’s a responsibility.