How much do they charge for....

helcat26

Actually that is not true. In the financial power of attorney in preferences section 7 you can put that the person with POA should be reimbursed in full for expenses incurred

barbarawright

helcat26 wrote: »

Actually that is not true. In the financial power of attorney in preferences section 7 you can put that the person with POA should be reimbursed in full for expenses incurred

But the OP seems to want some sort of local authority official to do it for him/her in their spare time. For less money than they would normally be paid. Any local government worker at that level of seniority would need permission to take on extra work. Why would anyone want to take on 3 days extra work a month? Presumably for *less* than £1500 a year.

OP - is this what you were hoping for?

securityguy

lush_walrus wrote: »

Can you not assign someone to manage your affairs should you go into a home, a relative for example? If you wrote out clear instructions perhaps they would administer it for you.

Yeah. Because a friend or relative is really going to spend three working days a month managing 25 current accounts. Anyone with a PoA would just consolidate the whole lot into one account. An IFA would charge a fortune.

And does anyone fancy administering the affairs of someone who has 25 bank accounts, 17 credit cards and wants to sue people who make mistakes?

securityguy

Harrap wrote: »

Thank you for your reply. In all likelihood, I will be winding it up at some stage, not yet. I however am making a lasting power of attorney just in case I go out of my mind beforehand. I want to make provision for my attorney to be compensated should the need arise.

Does you attorney know what you have in mind for him/her? I would flatly refuse to be an attorney in the situation you outline, even for my own parents. Your mess, your problem.

Mojisola

helcat26 wrote: »

Actually that is not true. In the financial power of attorney in preferences section 7 you can put that the person with POA should be reimbursed in full for expenses incurred

Expenses, yes, but not payment for the work managing the donor's affairs.

Primrose

I do think you need to be harshly realistic about the way you run your financial affairs and accept that there is almost certainly nobody who would want to take them on in their current state, either professional or family. The reality is that most people struggle to keep on top of their own busy lives and even a professional would not want these kinds of complications.

You have received some good advice on here and hopefully on reflection will be able to take of it on board.

But there is another aspect to this which perhaps you haven't thought about too much. What is all this financial concentration doing to the quality of your personal life? Simplify it and you will have more time to perhaps enjoy the company of friends, pursue a new hobby, and widen your other horizons. Time runs out more quickly for us all than we would like so don,t make the pursuit of extra financial incentives your prime goal in life. If money really interests you perhaps join a modest investment club or something like that. You may make the same amount of money each year without all the complications you currently face.