I have POA for my Uncle, who is now very happily settled into a nice nursing home. His finances got out of hand for him, and the stress of managing things contributed to him having a nervous breakdown, along with managing everyday life, other health issues and generally being very old!
Anyway, no bloody wonder he was stressed, as I eventually took out FIVE black sacks of paperwork from his flat, and its taken me ages to sort through it all. I have narrowed things down to about 5 different companies that he holds ISA's and Bonds (whatever the hell bonds are?!) with.
Now I have the POA, I am not sure what to do? The money is all over the place, and I need to consolidate it into one current a/c and one savings a/c. I know I need to write to these companies, and I have got several certified copies of the POA from the Solicitor ready, but what do I actually need to ask for? I could really do with some help wording the letters please.
Also, when these banks etc recognise the POA, are the accounts still in his name with my name on them also? How does it work in practical terms, ie; me walking into Santander, closing a savings a/c and transferring the funds to his Barclays current a/c?
Any help much appreciated - thanks
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Power of Attorney - how to word these letters?
8 replies
paulapantsdown · 01/11/2012 19:27
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