My sis and I have POA for dad. We have struggled hugely to open an account at a 2nd bank account for dad ( as only 75k in a bank is protected isn't it?).
He's in a care home lacking capacity. If my mum hadn't renewed his passport a few years ago ( pointlessly as neither were fit to travel then) we simply woukd not have enough ID or him as he has no post to the home, no utility bills ( obv) no driving licence etc etc. My address is that for all his correspondence.
I do not think we would have been able to open a new account if we hadn't got the passport. There seemed no way round photo ID ( and his disabled parking card wasn't acceptable ).
Since he moved into the home after 1/4/15 even his benefit / pension statements are from the old address - we had to have a letter from the home to say he lived there ( bills not good enough) and the solicitors letter saying the house was sold.
If we'd have realised he needed accounts in different banks we wouldn't have closed the small joint accounts that he and mum had in a couple of places when she died - prior to the house sale it seemed logical the have his money together to manage it more easily. However it would be so much better to keep the other accounts open!
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Elderly parents
A word of warning re bank accounts and POA
4 replies
Helenluvsrob · 14/01/2016 22:21
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