Anyone got EPA for parents or an elderly relative? If so, when paying bills for them, do you just write a cheque as normal and sign it yourself?
Enduring power of attorney
(7 posts) (5 voices)
You probably don't want to, but talk to your bank, they're supposed to be helpful.
Tried that. Two banks. Both crap! Hence this.
Ah! Something I actually have experience with. To do what you want to do, the easiest thing would be to have yourself added as "joint tenant" or co-owner to the checking account with your parent while the parent is still able to sign things. No need for a POA in that case.
Otherwise, create an account with you named as POA. The bank will require documentation of the POA to do this. Then, when signing checks, you will sign in your capacity as POA.
You can't just sign as POA on a regular account registered in the relative's name. These are simple instructions for the US, but I bet it's pretty much the same in the UK.
The key point is to have these things set up while the person is well enough to sign documents. After the fact, it's do-able, but more painful.
take a look at the Office of the Public Guardian, spend £120 registering LPA and send the banks a copy (or if your were EPA before 2007 send the banks the witnessed doc). Depending on the bank they'll either keep the record at the branch or issue cheque and card in your name against the account(s).
Over here...the one with his hand up, I do
I have Lasting Power of Attorney for my pal in the care home.
First of all, you have to be registered by law (see your solicitor)
Once I was awarded LPA I had to go to the bank with certain documents and OK it with them
Then it's just a question of signing the cheques using your signature but simply adding PP
Try and get ALL the financial affairs under one easy-to-manage account.
Don't try and keep small accounts open trying to get a little extra % interest here and there, it's not worth the hassle.
If you need any tips or hints you can always PM me and I will do my best, pass on my experience.
Thanks very much for the input chaps. Most helpful. Stars all round.
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