Kate Garraway has spoken out about her financial concerns on Good Morning Britain following her husband, Derek, falling into a COVID-19 related coma. This highlights the need to arrange Lasting Powers of Attorney (LPAs) in the current public health crisis.
In March, Kate’s husband Derek was diagnosed with COVID-19. He is currently testing negative for the virus, but he is still hospitalised due to the aftermath of having the disease.
Kate is now alone is parenting their two young children, and she also has to deal with insurance policies and household finances. Whilst it is widely accepted that she is handling her family life with the fortitude we would expect from her, she is struggling with the financial side as some of their policies are in and bills are in Derek’s sole name.
During her Good Morning Britain interview, Kate was commended for her honesty and openness when she said:
“One of the practical problems – which a lot of people would’ve experienced if they’ve got the absence of someone in their life – like many things the car is entirely in Derek’s name, the insurance is in Derek’s name, a lot of our bank accounts.
“There are a lot of financial … going on, which is making life very complicated because I can’t get access to things.”
“Because legally I haven’t got power of attorney. And all this other stuff that goes on when you’re dealing with a situation where someone’s been sick for a long time.”
Many people have been using their time in lockdown to get their ducks in a row by creating Wills, it’s also beneficial consider the benefits of an LPA.
Kate Garraway’s situation clearly demonstrates the importance of an LPA, and may break the taboo around them only being needed for elderly or vulnerable relatives.
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