Money
Retirement
How to avoid the Court of Protection
An Enduring Power of Attorney (EPA) allows you to choose someone you trust - a spouse, relative or friend - to manage your financial affairs should you at some time in the future become unable to do so yourself, through dementia, illness or accident
You have to arrange it in advance, while you are still capable. The form you need to sign is available free online, at guardianship.gov.uk or can be bought from solicitors or even from WH Smith.
Consulting a solicitor is strongly advised, because you are agreeing, should you fall ill, to hand over your money and property to someone else. And, as ever, you should always seek independent financial advice.
From October 1 this year, EPAs will be replaced by Lasting Powers of Attorney (LPAs), which in addition to financial matters can allow your chosen representative to make decisions about your health and personal welfare - for example, whether or not to consent to medical treatment.
EPAs made before October will remain valid. For more information, forms and booklets, contact the PGO Customer Service Unit on 0845 330 2900.
