Powers of Attorney for Property & Finance: A User's Guide

Over six million powers of attorney are now registered in England and Wales, and this number is growing daily. Powers of Attorney for Property & Finance: A User's Guide by Ann Stanyer is the plain English guide that helps individuals manage their own situations more confidently. It answers key questions such as when to start using the power of attorney, what records to keep, how to work with banks, and what happens if there is a complaint against you. It also provides invaluable guidance on complex aspects of acting as an attorney, such as deciding what gifts to make and things to look out for when managing foreign assets or holiday homes. The book is fully up-to-date with the new Powers of Attorney Act, which became law in July 2023.

Format: Paperback / softback
Length: 300 pages
Publication date: 06 November 2023
Publisher: Bath Publishing Ltd

Over six million powers of attorney have been registered in England and Wales, a testament to the increasing number of individuals living to older ages. While obtaining a power of attorney is a straightforward process, the challenge lies in effectively utilizing the powers to manage the finances of another person, whether it be a relative or a friend. To address this, Ann Stanyer, a solicitor with nearly 40 years of experience in advising her clients, has authored Powers of Attorney for Property & Finance: A User's Guide. This comprehensive guide is written in plain English, aimed at empowering individuals to navigate their own situations with confidence. Ann's expertise shines through as she meticulously outlines the responsibilities and actions required to avoid disputes. The book answers essential questions such as when to initiate the use of your power of attorney, what records to maintain, how to work with banks, and what to do in the event of a complaint against you. Additionally, it offers invaluable guidance on the more complex aspects of acting as an attorney, including decision-making regarding gifts and the management of foreign assets or holiday homes. Throughout the text, Ann employs case studies and practical examples to bring the process to life, making the book an indispensable companion for anyone taking on the necessary but often daunting role of acting as an attorney. Moreover, the book is fully up-to-date with the recent Powers of Attorney Act, which became law in July 2023, ensuring that readers have access to the most recent legal developments and best practices in this field. By leveraging Ann's wealth of knowledge and experience, Powers of Attorney for Property & Finance: A User's Guide provides the guidance and support needed to effectively manage the financial affairs of others, ensuring that their interests are protected and their well-being is maintained.

ISBN-13: 9781739310332