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Lasting Power of Attorney

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  • MACKEM99
    MACKEM99 Posts: 1,060 Forumite
    1,000 Posts Fifth Anniversary Name Dropper
    edited 7 June 2024 at 6:58PM
    I am thinking of doing Power of At  for me and other half.  One question I have is do you need to furnish your bank or building society i.e. where you have funds with a copy?  We have about 12 between us!😄
  • MallyGirl
    MallyGirl Posts: 7,201 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    No - it gets registered centrally.
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • Albermarle
    Albermarle Posts: 27,812 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    MACKEM99 said:
    I am thinking of doing Power of At  for me and other half.  One question I have is do you need to furnish your bank or building society i.e. where you have funds with a copy?  We have about 12 between us!😄
    It is registered centrally. Only when you actually want to start using the POA in future do you need to register it with the relevant financial institution. This can be done digitally with some, but some will still need to see a hard copy.
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