Bare Knuckle Pickups Forum
At The Back => The Dressing Room => Topic started by: MrBump on June 10, 2012, 08:18:18 PM
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Anyone had to get this for a relative? Serious question from me, for a change - want to know if anyone knows of any pitfalls/cost savings etc.
Ta.
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my Mum got this for my Gran a few years back. She was pretty near the end, and it was helpful having it for all concerned.
She just used the local solicitor to get it organised. There may be cheaper ways, but I think its best to do it properly. Don't want any other bitter relatives trying anything later.
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Hiya, :)
Yes, I am currently acting as P.O.A. for an elderly parent. We organised it a few years ago, even though the person I am 'Managing' is still lucid - and reasonably able to move around.
It comes in very handy, when they have to 'interface ' with the modern world for financial and medical matters, as of course you can do the I.T. work, wade through the documentation, assess risks - and generally take the stress out of many things for them. For us , it was not about imminent emergency, but rather allaying anxiety well before the 'End game' and thereby increasing their quality of life in general.
I was lucky, in that when I did it, it was only about £100 in fees to a local Solicitor. I gather it now involves a bit more effort - as it is a small Court matter ( ? ). I would say get it done, and soon - as the slowest part is getting the sometimes inefectual counter / battery hen staff at the Banks to process it through the system ( many don't realise it's gravity ) - and get your name printed as P.O.A on all issued documentation. Sooner is also better , because staff at the local Chemist / Surgery / Hospital / Bank, get used to seeing you with or instead of the person you are dealing on behalf of. Thankfully, they all start off cautious - and the process of real trust and co-operation from the officials grows some time after the documents get stamped.
I also feel that it will help when you have to carry out the seperate ( and somewhat painful ) proceedure of dealing with their estate , when they are gone; not because it carries over legally, but because you are already known personally to many people who's professional assistance you will require at that time.
All in all , a great idea - and one that also lets you show your love and gratitude to someone, by visibly doing for them, what they had long since done for you.
* Edit*.
Forgive me for mentioning the obvious, but the P.O.A ceases when the person dies ; so while you are at the office of the Legal Beagle, ensure you ( or your favourite family member ) apply to be made executor of the estate / get a will written by the the current ' dependent' . When one realises how much power the state has over an undocumented estate, it's ALL a good idea, it's ALL essential to make sure things don't get taken out of your hands at a later stage.
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I've just got one done in the last couple of weeks but the other way round, giving my Dad POA to act on my behalf. We are leaving the country for a couple of years so I wanted my Dad to be able to look after our house sale etc when we are gone. Anyway, went to our solicitors and did it alongside our wills. It was very straight forward and didn't involve courts or anything. Total cost for 2 wills and 2 POA (myself and wife) was £350ish, and about £250 was for the wills.
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Make sure you go for 'Enduring' POA.
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As I understand it you can no longer create Enduring p.o.a since about 2008 - will check though.
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As I understand it you can no longer create Enduring p.o.a since about 2008 - will check though.
Interesting point.
That might explain how I could obtain Enduring Power Of Attorney in circa 2007/8 - but when speaking to other carers who also needed to obtain the same , after 2008 - I was told they had a more elaborate procedure to face.
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This is a relatively quick factsheet
http://alzheimers.org.uk/site/scripts/documents_info.php?documentID=154
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This is a relatively quick factsheet
http://alzheimers.org.uk/site/scripts/documents_info.php?documentID=154
Thanks for that Elliot, most useful - and duly bookmarked. :) Especially useful for me, was information about the requirement to register the E.P.O.E with the court of protection , if certain conditions change.
At this rate, I'll need to elect an attorney, to help me carry out the role of Attorney ! Images of Groucho and Chico Marx agreeing on a contract in the film 'Night at the opera' come to mind.
http://www.youtube.com/watch?v=L_ALYkBIF-4