Lasting Power of Attorney

Looking at a recent question about LPA, given that we have bank accounts in our joint names would this suffice? My husband is declining rapidly and I’m not sure I could get an LPA in time.

  • Hello ,

     

    I’m sorry to hear about your husband’s situation, must be a lot going on for both of you just now.

    Having the bank account in joint names allows you to access any funds coming into the account. Whether this is sufficient depends very much on your own personal circumstances.

    The Property and Financial Affairs LPA gives an attorney the power to manage all of the donor’s financial affairs including buying and selling property and investments, applying for benefits, running bank and savings accounts and managing tax affairs. So it covers a lot more areas than just the bank account.

    However, there might be other alternatives to consider depending on what you and your husband’s needs are.

    We often find the best way to give you this information and guidance is to talk about your specific circumstances over the phone. This allows us to find out more about your situation and tailor our guidance to your needs.

     

    Our freephone number is 0808 808 0000. The financial guides are available Monday to Friday 8am – 6pm although our lines remain open until 8pm for other services. If you decide to call just select options 1, then 2 and then 1 again to get directly through to our team.


    All the best,

    Chris Harrower

    Financial Guide

     

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