Property and financial affairs attorneys
As a property and financial affairs attorney, you make (or help the donor make) decisions about things like:
- money, tax and bills
- bank and building society accounts
- property and investments
- pensions and benefits
You can use the donor’s money to look after their home and buy anything they need day to day (for example, food).
Discuss decisions that affect the donor’s living arrangements, medical care or daily routine with their health and welfare attorney, if they have one.
Example If you decide to sell the donor’s home, discuss where the donor will live with their health and welfare attorney.
Looking after money and property
You must keep the donor’s finances separate from your own, unless you’ve already got something in both of your names like a joint bank account or you own a home together.
Managing bank accounts
Before you can manage the donor’s account, you must show the bank the original registered lasting power of attorney (LPA) or a copy of it signed on every page by the donor, a solicitor or notary.
You’ll also need to give proof of:
- your name
- your address
- the donor’s name or address if they’re not the same as on the bank account
The bank might ask for additional types of proof.
Spending money on gifts or donations
Unless the LPA states otherwise, you can spend money on:
- gifts to a donor’s friend, family member or acquaintance on occasions when you would normally give gifts (such as birthdays or anniversaries)
- donations to a charity that the donor wouldn’t object to, for example a charity they’ve donated to before
You must apply to the Court of Protection for any other type of gift or donation, even if the donor has given them before. These include:
- paying someone’s school or university fees
- letting someone live in the donor’s property without paying market rent (anything they pay below market rent counts as a gift)
- interest-free loans
You must check that the donor can afford the gift or donation, even if they’ve spent money on these types of things before. For example, you can’t donate their money if that would mean they couldn’t afford their care costs.
Read the guidance for more information on giving gifts or donations.
Buying and selling property
You’ll need to get legal advice if:
- the sale is below the market value
- you want to buy the property yourself
- you’re giving it to someone else
Making a will
You can apply for a statutory will if the donor needs to make a will but can’t do it themselves.
You can’t change a donor’s will.
You can be ordered to repay the donor’s money if you misuse it or make decisions to benefit yourself.