What are deferred payment agreements if you need to pay for your long-term care?
If you have to pay your care fees, you can put off selling your home until after you’ve you died. How do deferred payment agreements work?
The introduction of the Care Act means that from 1st April 2015, if you live in England and have to pay for your long-term care, the local authority has to offer you a ‘deferred payment agreement. That means you can delay paying the local authority for your care until you choose to sell your home or until after you’ve died. How do deferred payment agreements work?
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.