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SimplyBiz Group plc

Three important considerations in assessing mental capacity

In the UK around one person develops dementia every three minutes, writes Libby Holding, and so mental capacity is a growing area of interest among those operating in the will-writing and estate management market

The increasing importance of mental capacity is not only a result of the population living longer. It is also a combination of the numbers of people suffering from dementia and related conditions increasing, as well as a growing awareness of the issues that arise when people lose mental capacity without proper planning in place.

According to the Alzheimer’s Society, it is now estimated that one person develops dementia every three minutes in the UK, so the concerns around mental capacity look likely to only increase.

SimplyBiz Group PLC (LON:SBIZ) provides compliance support and business consultancy services to financial services, legal and workplace benefits professionals in the United Kingdom. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.