Protecting the Elderly and Lasting Powers of Attorney
Protecting the Elderly and Lasting Powers of Attorney.
A recent documentary on ITV revealed that vulnerable people over 65 are targets for fraud crimes. The documentary focused on Lasting Powers of Attorney (LPAs), which appoint people to manage somebody else’s affairs.
Whilst the majority of attorneys are trustworthy and do an excellent job of caring for the vulnerable; unfortunately some take advantage. Some elderly residents were unable to pay for their care because their attorneys used their money for themselves. Surprisingly, many attorneys convince themselves to spend the money. They do this because they think this is what the donor would have wanted.
Action on Elder Abuse has confirmed that family members are the most common suspect in financial abuse claims. It’s frightening to think that those we are closest to can treat vulnerable people in such a way.
The documentary highlights the importance of choosing people that you trust 100% as your attorneys under an LPA. With an ageing society, attorney(s) under an LPA could be in it for the long term.
At Stonehewer Moss we understand the importance of making an LPA; but also ensure that the correct people be appointed to care for you when you are at your most vulnerable. If you have any concerns over who you should appoint as your attorney(s) we can discuss your options with you and advise you accordingly.
We often refer to an LPA as an insurance policy as you may never need it, but it is good to have it there if you do. However, like an LPA, we understand that an insurance policy is no good to anyone if the company is not reliable!
If you would like to discuss the above in more detail please contact Charlotte Isherwood at Stonehewer Moss Solicitors on 01606 872200. Alternatively, please contact Charlotte by e-mail to firstname.lastname@example.org