We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Account Holder Protection
tizyer
Posts: 2 Newbie
Hi I have to place the money from the sale of my Aunts house into a high interest account to pay for her care in a residential home. My cousin and I have joint power of attorney and are concerned about how well protected her money will be.
I have heard that if you have an account in joint names you have twice the protection if in this case there are 3 names on the account ie my Aunt plus her 2 attorneys do you get 3 times the protection?
Hope you can help.
I have heard that if you have an account in joint names you have twice the protection if in this case there are 3 names on the account ie my Aunt plus her 2 attorneys do you get 3 times the protection?
Hope you can help.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards