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Power of attorney UK guidance , Bournemouth Solicitors Humphries Kirk

Power of attorney UK guidance

| Published on February 2, 2016

Are you a Deputy or Attorney managing a bank account for another person?

 

For those who manage a bank account for another person under a Deputyship or Power of Attorney you may well know the frustrations involved in dealing with banks, building societies and other financial institutions.

Bournemouth Solicitors, Humphries Kirk receive a considerable number of enquiries asking what information financial institutions will require when setting up such an account and also requests for advice when financial institutions appear to be unwilling to provide straightforward advice and information.

The British Banking Association has released a guidance leaflet for persons wishing to operate an account for another person in England and Wales (please note the advice for Scotland is different). The guidance can be found by using the following link: British Bankers’ Association (PDF – England and Wales)

The guidance sets out the documents required and highlights the importance of having a Power of Attorney in place. For those requiring assistance in this area, whether it be for those where a Power of Attorney or Deputyship is already in place or those requiring advice on creating a new Power of Attorney or applying to the Court for Deputyship, Humphries Kirk Bournemouth Solicitors of 1 Southbourne Grove, Bournemouth, Dorset can help.

Feel free to contact Adam Scott one of our solicitors in Bournemouth for an informal and confidential chat on 01202 421111.

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