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Does my father in law need to set up Power of Attorney?
Comments
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Supplementary question:
If the FiL converted the individual accounts into a single joint one would that mean the MiL can access his money OK?
I think he'll still want to set up the PoA but at least having joint accounts would be a bit of a positive step.
EDIT - Just spotted the response above!0 -
Keep_pedalling wrote: »Very difficult to put an LPA in place for someone who trusts no one, but this could cause massive problems for his wife, if he ever lose capacity.
Would he at least be willing to put all his saving into joint accounts? that would remove the need to appoint her as his attorney.
Only partially. What about all the utility accounts, are they all in his name? Household insurance? DHSS/DWP for state pension, benefits etc? Private/company pension(s)? I dont think any of these people would talk to MIL without a PoA unless FIL was there to say its OK. Suppose it became necessary to sell the house - in whose name is it held?0
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