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Lasting power of attorney risks – is there a resolution?

In BriefLasting power of attorney risks – is there a resolution?

By Matthew Yates, Partner, Hunters Solicitors
 Attorneys vs. deputies
We have all seen it happen. A slow decline in an elderly person's ability to manage finances or look after their personal care. They start to need a bit more help around the house, and decisions become more overwhelming. Family, friends and professionals become more involved in their personal lives, helping to share the responsibilities of looking after finances and dealing with health complications. Often unpaid, they carry on regardless of whether they are thanked or appreciated for the time they put in. In many cases they are acting as attorneys for the individual, chosen for their family relationship, financial acumen or general trustworthiness. And they carry on until the inevitable end, providing reassurance to the...

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