Lasting Power of Attorney

24th July 2019

Managing financial affairs in retirement

As people grow older, managing financial affairs can become onerous, particularly where there are a number of different holdings, bank accounts and other investments. As part of planning for the future, it is advisable to think about who will help you deal with your affairs should you become unable to do so, or should you […]

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10th July 2019

Can I allow trusted family members access to my bank account?

When dealing with financial affairs, it may seem ideal to allow children or other trusted family members access to your accounts to help you manage finances. We explain why this is never advisable. Giving someone the information they need to deal with your money may seem like a good solution if you’re concerned about being […]

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26th June 2019

Why a Lasting Power of Attorney is preferable to a Deputyship Order

A Lasting Power of Attorney (LPA) allows you to appoint an attorney to deal with your affairs once you are no longer capable of doing so yourself. If you do not have an LPA, then your family will have to apply for a Deputyship Order to allow someone to help you. There are two types […]

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5th June 2019

Choosing someone to act as your attorney

Signing a Lasting Power of Attorney (LPA) document authorises someone to deal with matters on your behalf, should you become unable to do so yourself. There are two types of LPAs, one covering property and financial affairs and one covering health and welfare. It is possible to ask your attorney to deal with your property […]

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20th March 2019

Implications of using a joint bank account instead of an Enduring Power of Attorney

A recent survey has revealed that a staggering number of people have granted relatives informal access to their bank accounts. A Lasting Power of Attorney (LPA) is a formal document by which an individual can give one or more people access to their financial affairs and the power to spend money on their behalf. It […]

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