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Part 1 – Attorneys – Do they have the power to support effective later life advice?

3 min read 19 Jul 22

Session: 19 July 2022

In the first session Colin Simmons, Pension Development Manager, Pru, and Tony Miles, Technical Director, My Care Consultant, looked at the importance of Power of Attorneys.

Learning Outcome – to demonstrate an understanding of:

  • Assessing mental capacity and the role of the Financial Adviser in supportive decision making.

  • Reviewing the various types of Powers of Attorney and the common mistakes made when people make Lasting Powers of Attorney

  • How to determine how such Powers interact with key aspects of later life advice and client needs

To claim your CPD certificate, test your knowledge with the questions below.

Write down your answers to each of the following questions and check your answers when you click through to claim your CPD certificate on the link below.

Test your knowledge

1. A Power of Attorney should be set up…

a. As soon as a client loses capacity

b. Well before it’s needed

c. When you start IHT planning

d. After retirement

 

2. The Office of Public Guardian Form OPG130 is used to

a. Register Power of Attorney’s

b. Raise a concern about an attorney, deputy or guardian

c. Send to different agencies to notify them of the Power of Attorney

 

3. An Attorney cannot……

a. Draft or make changes to a Will without court of protection

b. Complete a nomination of pension death benefit form

c. Both of the above

 

4. In Northern Ireland there is currently no way to give another person legal powers to

a. Make decisions about your property and finance

b. Make decisions about your health & welfare

c. Make decisions bout either 1 or 2 above

 

5. Currently in England an attorney or deputy for property & finance

a. DOES NOT have authority to give consent or make health & welfare decisions when helping a donor access NHS funded nursing care

b. DOES have authority to give consent or make health & welfare decisions when helping a donor access NHS funded nursing care

c. DOES have authority to give consent or make health & welfare decisions when helping a donor access NHS funded nursing care but only if this authority is explicitly given within the powers

 

To claim your CPD certificate, click here.