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Cash for the remote elderly and vulnerable

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Comments

  • elsien
    elsien Posts: 37,908 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic

    It is better to be an LPA then have a joint account, aside from the fact that the person may not wish to share bank account with anyone.
    If the joint account holder loses capacity and the bank become aware of that, they can freeze it because the person can no longer monitor.

    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have not could of.
  • CapricornLass
    CapricornLass Posts: 867 Forumite
    Part of the Furniture 500 Posts Name Dropper Debt-free and Proud!

    And LPA will cover other things besides the bank account.

    Sealed Pot Challenge no 14
    Fashion on the Ration - 66 + 10 carried forward.
    3 bras 3/76
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