williamalex1
Money List Winner
Yip, I must be losing it but it was worth a try
, Is Kenny HDID still a member at Glenbervie ?
Last edited:
Power of Attorney ?
- Thread starter williamalex1
- Start date
, Is Kenny HDID still a member at Glenbervie ?
Green Bay Hacker
Journeyman Pro
Same here. Any of the three of us can act individually on behalf of my dad's financial affairs.
Doon frae Troon
Ryder Cup Winner
A word to the wise...........
As an aside I have just been through a minefield of legal problems.
When my Dad died 30 years ago my Mum did not take his name off the joint house ownership deeds.
His lawyers could not find his will [don't ask
] even though a copy was signed by two of their staff.
With Covid etc it took over two years to settle my mum's will.
POA is a good idea for a single, if a couple and in good health, problems will only occur if both are wiped out in a car crash type of scenario.
Cheap and easy to do. [poa not the car crash
]
As an aside I have just been through a minefield of legal problems.
When my Dad died 30 years ago my Mum did not take his name off the joint house ownership deeds.
His lawyers could not find his will [don't ask
] even though a copy was signed by two of their staff.With Covid etc it took over two years to settle my mum's will.
POA is a good idea for a single, if a couple and in good health, problems will only occur if both are wiped out in a car crash type of scenario.
Cheap and easy to do. [poa not the car crash
]
williamalex1
Money List Winner
I've heard about your driving skillsA word to the wise...........
As an aside I have just been through a minefield of legal problems.
When my Dad died 30 years ago my Mum did not take his name off the joint house ownership deeds.
His lawyers could not find his will [don't ask
With Covid etc it took over two years to settle my mum's will.
POA is a good idea for a single, if a couple and in good health, problems will only occur if both are wiped out in a car crash type of scenario.
Cheap and easy to do. [poa not the car crash
ger147
Tour Winner
Yip, I must be losing it but it was worth a try
No, he's at Ladybank.
williamalex1
Money List Winner
I mibbie give him a call, I like Ladybank, he owes me a freebie too
ColchesterFC
Journeyman Pro
That's what we've gone for as well but also for medical affairs. Because I work offshore it's possible that I could be uncontactable at a time when an urgent decision has to be made (no phone signal and intermittent access to emails) so for that reason one or both of the other two with POA can make the decision without my input if required.
CliveW
Tour Winner
When my wife and I drew up our wills a couple of years ago, we also drew up Power of Attorney for each other. No problems whatsoever.
Wife and brother-in-law had Lasting Power of Attorney for mum-in-law, recommended by the hospital consultant. There’s 2 areas that can be covered, or both at once. Health + finance. Made life so much easier once the dementia really set in.
The alternative isn’t great. For example, if you don’t have it and something needs deciding it’s a trip to a solicitors and ask the solicitor to act as an advocate in court before a judge. And for the next decision repeat, and then repeat.
LPA isn’t cheap but the alternative is more expensive long term and comes with a lot more grief.
The alternative isn’t great. For example, if you don’t have it and something needs deciding it’s a trip to a solicitors and ask the solicitor to act as an advocate in court before a judge. And for the next decision repeat, and then repeat.
LPA isn’t cheap but the alternative is more expensive long term and comes with a lot more grief.
Tashyboy
Please don’t ask to see my tatts 👍
For me POA is like house insurance. You have it and hope you never need it. But through experience with Missis Ts dad. It is essential. Although heartbreaking to see FIL with advanced dementia etc. it would be impossible to handle his affairs if POA was not now invoked.
RE POA. it is simple to set up yourself according to Missis T and I believe theres a flat rate of £82? For each piece. Health and finance. So £164 per person. I enquired via my parents solicitors re how much they could do it for. £700 plus VAT plus £164?
RE POA. it is simple to set up yourself according to Missis T and I believe theres a flat rate of £82? For each piece. Health and finance. So £164 per person. I enquired via my parents solicitors re how much they could do it for. £700 plus VAT plus £164?
Blue in Munich
Crocked Professional Yeti Impersonator
For something that important would you trust it to a well meaning amateur to save a few quid or put it in the hands of the professionals?
I would agree with you in terms of a will but the set up for POA is relatively simple and the set up online is relatively straight forward. My sister, ex-solicitor does lots of wills for people, no charge, but just points people towards the govt website for POA.For something that important would you trust it to a well meaning amateur to save a few quid or put it in the hands of the professionals?
GB72
Money List Winner
Whilst I would say it, I really do not recommend trying to do this yourself. I do, however, strongly recommend doing it. Getting a deputyship once it is too late is a long, expensive nightmare of a process and, as others have said, the Power of Attorney does not kick in until mental capacity is an issue.
NearHull
Well-known member
Without having a POA it is possible , in the event, for the Local Authority to gain POA for an individual who needs care - then they choose which Care Home the individual goes into - that will be the cheapest not the most convenient!
jim8flog
Journeyman Pro
I would definitely say yes. Wills having nothing to do with PoAs they are for things that happen whilst you are still alive.
You never know when a major illness or something like dementia will strike by then it is too late. In my view the Financial on far more important than the health one
You can do it for you yourself via the Office of the Public Guardian (lot cheaper at £82 each than a solicitor )
https://www.gov.uk/government/organisations/office-of-the-public-guardian
but a word of warning double or treble check the forms before finally submitting them, if you make a mistake (as I did one signature dated out out of order ) they reject them and ask for another fee (reduced) for you to submit a new application.
You never know when a major illness or something like dementia will strike by then it is too late. In my view the Financial on far more important than the health one
You can do it for you yourself via the Office of the Public Guardian (lot cheaper at £82 each than a solicitor )
https://www.gov.uk/government/organisations/office-of-the-public-guardian
but a word of warning double or treble check the forms before finally submitting them, if you make a mistake (as I did one signature dated out out of order ) they reject them and ask for another fee (reduced) for you to submit a new application.
Jimaroid
Journeyman Pro
See a solicitor, I recently did this myself and got some good free advice before deciding to get mine written. Remember Scottish law is different and if I recall correctly we have to include assessment by a doctor or solicitor to setup powers of attorney so the DIY options aren't very useful.
Tashyboy
Please don’t ask to see my tatts 👍
I think for Missis T the biggest issue was not having POA but when was the right time to invoke it. It really was a massive ( emotional) decision. FIL does not know it has been invoked he is just muddling along thinking all is ok.
Good post. Too easy to forget the systems are different, as I did here.
Doon frae Troon
Ryder Cup Winner
I believe if the 'parent' is of sound mind and agrees to the PoA Then it is a fairly simple and inexpensive legal process. [in Scotland].
