None of us wants to think about a time when we may not be able to manage our own affairs, whether this is because of old age or a more sudden problem such as an accident or illness. But it can happen and this begs the question, who will take care of your affairs if your capacity to make decisions about your own finances or health becomes diminished?

The Situation Without Lasting Power of Attorney

If you have not made any arrangements, the only way your financial affairs can be managed