Care Solutions Home > Care News > News Article
Tailormade Care Solutions
Freephone Telephone

 

Independant Financial Advisor

Care Managers Council

Department for Work and Pensions

Care Advice Bureau

 

 

Elderly Care

Care Industry News Story:

back to news headlines
2005
Using power of attorney to act on behalf of parents

Those concerned about the mental capacity of elderly relations may seek to act on behalf of parents or other relatives in order to ensure that the necessary financial and administrative arrangements are made.

This can take the form of a power of attorney, which enables someone to sign over his or her executive decision making, often useful when dealing with complex or difficult legalese.

In one form this can be a temporary procedure, or Ordinary Power of attorney, but it can also take the form of an Enduring Power of attorney.

The Enduring Power means that the rights of a person can be legally transferred to a third party should they become incapable.

The handover must be completed when the "attorney" is aware or believes that the person in question can no longer handle their affairs.

 

©eTrading Partners LTD Visit our Financial Planning Site We Value Your Privacy Site Map
Tailormade Care Solutions is a trading style of Tailormade Financial Services Ltd. Tailormade Financial Services Ltd is authorised and regulated by the Financial Services Authority. Tailormade Financial Services Ltd is entered on the FSA register under reference 458593