A recent case heard in Woolwich Crown Court reported that Mr McErlene, who claimed to be a Will writer, forged his neighbour’s signature on a Lasting Power of Attorney (LPA) in order to gain control of his finances.
Mr McErlene, as attorney under the fraudulent LPA, used his power to sell Mr Manwell’s house, purchase expensive jewellery and cash in a substantial Santander bond before he was arrested for dishonestly obtaining an LPA for personal gain, and jailed for five years.
An LPA for Property and Financial Affairs gives your chosen attorneys substantial powers to deal with your assets - as exploited by Mr McErlene, who used his power for personal financial gain. Whilst Mr McErlene was punished for his actions, this case highlights the importance of appointing attorneys whom you trust; whether this be your spouse, children, a friend or a professional.
Wansbroughs will always talk you through your choice of attorney and make sure that you are appointing attorneys for the right reasons. An LPA, in which you appoint attorneys whom you trust, can be an invaluable tool allowing others to deal with your affairs if you lose capacity to do so. LPAs are available to deal with your property and finances, and also your health and welfare. At Wansbroughs, we can advise you on both documents.
If you would like to discuss Lasting Powers of Attorney further, please get in touch with your usual contact at Wansbroughs or via email@example.com
and we would be happy to help.