How to get problems with a power of attorney resolved
What can you do if a bank or building society won’t recognise a power of attorney?
If you want to look after the financial affairs of someone who can no longer manage, you’ll need the legal authority to do this. It’s called an ongoing or permanent ‘power of attorney’. Once you have it, you have the legal right to run someone’s bank account, sell their home to pay care fees and so on. The problem is that banks and building societies don’t always deal with people who have a power of attorney correctly. How can you avoid this problem?
Looking after the finances of an elderly relative as a deputy; what does the Court of Protection do?
You’ll have to apply to the Court of Protection if you want to look after a relative's finances and they don't already have an agreement in place.
If you don't have a long term power of attorney in place, and you can't make decisions about your own finances, a special court will have to appoint someone to be a deputy. The Court of Protection is a special court which was set up to make decisions about people who are unable to make decisions about themselves, perhaps because they have dementia or learning difficulties. Find out what's involved.
What help is available if your parents have to sell up and downsize?
Moving house is stressful at the best of times never mind if you're elderly, but there are companies that will do the work for you.
Moving house can be both emotionally and physically draining but if you’re moving when you're in your 70s or 80s or because you have health problems, the process can take an even bigger toll. If you have family who live nearby they can give you some help but if you don't the prospect can be pretty daunting. However, some companies have recognised that there’s a gap in the market and offer to manage the sale of the property.