Registering Lasting Powers of Attorney with Banks and other institutions

Registering Lasting Powers of Attorney with Banks and other institutions

A number of our clients’ Attorneys have reported difficulties in registering the Lasting Power of Attorney with the client’s bank which is a necessity to enable the Attorney to manage the client’s financial affairs. This is not a new problem but it is surprising it still exists since LPAs have been around since 2007.

As a result of the growing number of complaints received the Financial Ombudsman Service has recently published some useful tips for Bank Staff on how to avoid complaints and for Attorneys on how to avoid problems. Click on the links if you would like to read the guidance.

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