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Martin Lewis Urges UK Households to Set Up Lasting Power of Attorney Now

He warns it is the one protection that could be needed tomorrow if capacity is lost.

Overview

  • On his ITV programme, Lewis ranked arranging a Power of Attorney above wills, pensions, tax and inheritance planning.
  • He said not having one can create a "nightmare" for families who may be unable to access bank accounts or pay mortgages and medical costs.
  • The registration fee is £92 after a November 2025 rise, with the Ministry of Justice calling it the first increase in eight years and highlighting available exemptions or reductions.
  • There are two types of Lasting Power of Attorney: one for property and financial affairs and another for health and welfare decisions.
  • Lewis noted he has had one for 15 years and said many estates never pay inheritance tax, urging people of all ages to act now.