Attorney and deputy beware - .PDF file.
By Alex Elphinston
What are the duties of an attorney under a property and affairs lasting power of attorney (LPA) and a deputy under a deputyship order when it comes to the investment and general management of money?
The LPA document itself does not give much guidance. Page 11 contains a statement that includes acceptance by the attorney of the duty: to keep accounts and financial records; and to act in the donor’s best interests.
The LPA gives no guidance about investment of the donor’s funds…
If you are registered and logged in to the site, click on the link below to read the rest of the Anthony Collins briefing. If not, please register or sign in with your details below.