Ben Tyer in the Daily Telegraph: - Financial abuse rockets as more power of attorneys challenged by courts22/05/19
Between 2014 and 2016 I discovered that financial abuse of the vulnerable by Attorneys and Deputy had rocketed.
There was over a 250% increase in Attorneys or Deputies being removed from their roles due to financial mismanagement.
What is an Attorney?
This is someone who is appointed to make decisions on behalf of another person concerning either their property and financial affairs, health and welfare, or both.
Who can be your Attorney?
The person you pick for an attorney must be over 18 years old. Typically people tend to choose:
- husband, wife or partner
- son, daughter, brother or sister
- A professional, such as a solicitor
Who to choose?
Whether they are an attorney for finance and property, health and welfare or both, they will be making important decisions on issues such as how your money is spent, where you live and how you are cared for.
You need to be confident that that they will act in your best interests and that they know your wishes when you are unable to do it yourself.
You need to trust they can be responsible for the role. For example, if one of your children – who you’ll have known their whole life – is not especially good at managing money, you may want to ensure that the others in your family have finance and property LPA set up but not them.
You see see the article here: http://bit.ly/2HMq9hD
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