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Caring for the elderly FAQs | Financial Affairs | Jobling & Knape Lancashire UK


FAQs on financial affairs when caring for the elderly


Why should I make a Lasting Power of Attorney?

A Lasting Power of Attorney enables another person to look after your financial affairs or your personal welfare. You may not need this now but, if you do need one later, you may not be able to effectively sign it. Remember, just because you sign one now doesn't mean it has to be used now or ever! It's there just in case it's needed.

 

Who can I appoint as my attorney?

You may appoint a member of your own family or, if you wish to appoint a professional, then members of Jobling & Knape can act on your behalf.

 

What is the Court of Protection?

You have to register a Lasting Power of Attorney with the Court immediately after signing it.

 

What if it is too late?

Where a person is unable to make a Lasting Power of Attorney because they have lost mental capacity, then an application must be made to the Court of Protection to appoint a Receiver. This will involve obtaining medical evidence from the person's General Practitioner and the submission of a detailed form to the Court setting out the person's financial position. We can assist you with completion of the forms for the Court. The Deputy will, in most cases, be from the person's immediate family; but if there is no family then members of Jobling & Knape can act.




Contact Jobling & Knape with your Caring for the elderly FAQs question:

 



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