Viewing 4 posts - 1 through 4 (of 4 total)
  • Power of attorney
  • Pigface
    Free Member

    Theoretical question, a friends family is in a bit of turmoil.

    Can someone with power of attorney foe someone with dementia take out loans, sell property to free up investment etc.

    Or abuse this position of trust.

    lcj
    Full Member

    Short answer without knowing more – yes, but whatever the attorney does must be in the best interests of the person with dementia

    thecaptain
    Free Member

    As a matter of practicality, yes they can do this. However it is criminal behaviour and potentially attracts a prison sentence.

    Fresh Goods Friday 696: The Middling Edition

    Fresh Goods Friday 696: The Middlin...
    Latest Singletrack Videos
    martinhutch
    Full Member

    It’s theoretically possible that taking out a loan or equity release could be in the best interests of the person involved.

    If they are sure that the person is not acting in their best interests, then this service may well be able to advise.

    https://www.gov.uk/government/organisations/office-of-the-public-guardian

Viewing 4 posts - 1 through 4 (of 4 total)

The topic ‘Power of attorney’ is closed to new replies.

New deal added to Members Discounts