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Powers of Attorney news articles

Power of Attorney: Managing a bank account for another person is to become easier

A comprehensive framework for people who need to manage a bank or building society account on behalf of someone else has been produced by the Law Society, the British Bankers’ Association (BBA), the Building Societies Association (BSA), the Office of the Public Guardian (OPG), and other partners. The new guidance was launched on 3rd April and aims to help staff in banks and building societies to recognise and understand Enduring Powers of Attorney, Lasting Powers of Attorney, General Powers of Attorney, Deputyship Orders, Receivers Orders and other third party management arrangements. Thousands of relatives and carers need to manage an account on behalf of another person who is elderly, vulnerable or unable to manage their own affairs.  At the moment, people are reporting problems when dealing with banks and building societies as staff seem untrained in these matters. The objective of the guidance is to improve the information that is available both to bank staff …Read More

Power of Attorney: Lasting power of attorney registrations have more than trebled

Lasting powers of attorney (LPA) registrations have more than trebled over the past three years to reach 210,000 a year. LPAs, which came into effect five years ago under the Mental Capacity Act, allow people to appoint an ‘attorney’ to act on their behalf should they lose the capacity to make decisions in their own best interests.  The Office of the Public Guardian (OPG) aims to ensure every UK citizen over the age of 18 has one. The loss of mental capacity could happen with old age or because of an accident or illness. Public Guardian and chief executive Alan Eccles told the Law Society Gazette the OPG had seen a ‘phenomenal growth’ in LPA registrations, from 64,000 in 2009 to an expected 210,000 in 2012/13.  He said: ‘When the government freeze on marketing is lifted, we expect to experience even more demand for LPAs. Our ambition is to change the demographic of the …Read More