What is a Power of Attorney?

What is a Power of Attorney?A Power of Attorney is a legal document that allows someone you trust to make decisions on your behalf. There are two key roles: Donor – the person permitting decisions to be madeAttorney – the person authorised to make those decisions This can cover finances, property, or personal welfare, depending on the type of arrangement. A Power of Attorney can be set up for a short period or longer-term support, depending on what’s needed. Types of Power of Attorney The type of Power of Attorney you need depends on where you live and the level of support required. General Power of Attorney (UK-wide) A General Power of Attorney (GPA) is usually used for short-term support. When might this help? For example, if someone is abroad or in a hospital and needs help managing finances or handling a specific task, such as selling a property. How long does it last? It can be set for a fixed time or until a specific task is completed. It will end if the donor loses mental capacity. We can register a GPA when it’s needed, but we can't accept instructions to start it at a future date.

What can an attorney do?

What can an attorney do? The donor decides what an attorney can and cannot do. Attorneys must always act in the donor’s best interests and follow the instructions set out in the document. Keeping clear records of any financial activity is recommended. At Furness, an attorney may be able to: • Withdraw cash in the branch• Make payments to the member’s bank account• Manage standing orders• Support with mortgage or property-related matters (where applicable)

What documents do we need?

To register a Power of Attorney on a Furness savings account, we’ll need: • A completed Add an Attorney form• Certified Identification (if you’re not already a member)• The original Power of Attorney document, a certified copy, or an online access code (for LPAs) Certified copies can be provided by professionals such as solicitors, accountants, or bank officials. Enduring Power of Attorney (EPA) EPAs were replaced by LPAs in October 2007. We can still accept an EPA if it was created and signed before this date.

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