The Power of an Attorney
Session Content:
Many more people have applied for and registered Power of Attorney’s in the last few years, a wise thing to do. But when it comes to the rules that Attorney’s need to adhere to and how far their ‘powers’ can go, how many of them truly understand what they are able to do when it comes to looking after the finances and assets of the Donor.
Should they invest funds languishing in a bank account? Are they allowed to take into account the potential beneficiaries of the Donors estate? How much risk is acceptable?
This session will look to answer these pertinent questions and many more.
Learning Objectives:
Following this session, attendees will have a better understanding of the following:
- What is acceptable when ‘taking care’ of the Donors cash funds.
- What responsibilities they have with regards to any existing investments.
- What the rules are with regards to making gifts to family members.
- What they should consider in relation to a residential property.
- What happens if an Attorney breaches their authority.
- What reach the OPG has and the implications of a breach of authority.
This session will run for an hour and include time for questions.
Join Zoom Meeting
https://us02web.zoom.us/j/88407894971?pwd=UENLRE9mdEZ4TVloNWNQMkxLcGl3QT09
Meeting ID: 884 0789 4971
Passcode: 424799
Catherine Walker TEP
Head of the Private Client Department and Executive Head of the Residential and Commercial Property Department. Catherine is a Chartered Legal Executive. Catherine has a well established reputation with her clients and peers following over 20 years’ experience in practising private client law. Catherine is a full Member of Society of Trust and Estate Practitioners and the sub-Mental Capacity Special Interest Group within STEP. She is also a fully accredited Member of Solicitors for the Elderly and is a Member of both the Law Society Private Client Section and Court of Protection Users Group.
Catherine can assist in all areas of private client law including Wills, probate, trusts, estate administration, tax planning, Lasting Powers of Attorney and applications to the Court of Protection.
CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.