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Legal, pensions and money

Judges warning about Power of Attorney

(30 Posts)
annsixty Tue 15-Aug-17 09:39:30

I have Loa over my He's affairs. He cannot deal with anything financial any more.
I definitely need this.
There must be some reason, not disclosed, why the man mentioned used a neighbour instead of his daughter to have that Power.
My D would take over if I weren't capable, she had to agree to that when we made the application.
I trust her implicitly.

Eglantine19 Tue 15-Aug-17 09:37:42

No. I have two attorneys, appointed jointly, as a safeguard. But if he thinks the Court of protection only costs £320 a year he is way out of touch. It was the costs incurred by a friend who had to go back to the Court of Protection every six months for money to pay her mums care fees that prompted me to set up a POA.
I think it likely that the legal profession is worried about their own drop in income now that relatives can make the decisions and not have to involve them every time.

maryeliza54 Tue 15-Aug-17 09:34:10

The only case I know of personally where an old person was cheated of a lot of money wasn't through a PoA but two people she trusted implicitly ( non relatives).

whitewave Tue 15-Aug-17 09:30:51

I think Mum has one in place for the possibility of her going Ga-ga but as she is 99 I somehow can't ever see it being an issue.

maryeliza54 Tue 15-Aug-17 09:26:32

www.bbc.co.uk/news/uk-40887323

Did anyone hear him being interviewed on R4 this morning? He said he wouldn't make one himself. If you already have one, would this make you re-think?