Fixed Rate Bond in Joint Names

Discussion in 'Legal and financial issues' started by Rosebay, Jan 3, 2016.

  1. Rosebay

    Rosebay Registered User

    Jul 27, 2014
    165
    Oxfordshire
    We have a bond that is maturing shortly. The funds can be withdrawn with either signature. As I do not have power of attorney would there be anything wrong with me going on line and creating a new bond in joint names knowing full well that my husband does not have the mental capacity to do this for himself. Obviously I wish now that we had taken out the power of attorney but we didn't so I am now unsure what to do. Any help would be appreciated.
     
  2. Maggie42

    Maggie42 Registered User

    Mar 7, 2011
    120
    East Midlands
    I would try and keep your finances separate from now on as it does lead to problems. You really need to get professional advice about the current bond and any other joint assets. Citizens advice may be able to help as if they don't know the answer they have access to free legal advice.
    Good luck. Mags
     
  3. marionq

    marionq Registered User

    Apr 24, 2013
    5,898
    Female
    Scotland
    If you are able to cash it in then better to create an investment for half of it in your own name and the other half in husbands account presumably for his future care.
     
  4. Rosebay

    Rosebay Registered User

    Jul 27, 2014
    165
    Oxfordshire
    Accounts in joint names. I found out that even if accounts were in joint names both parties have to have mental capacity. Have managed to get Power of Attorney done. Solicitor was so patient and kind. Fortunately it was a good moment in the day when he came. I really thought I had left it too late and would have to go down the court of protection route


    Sent from my iPhone using Talking Point
     
  5. Shedrech

    Shedrech Volunteer Moderator

    Dec 15, 2012
    8,088
    Yorkshire
    Well done Rosebay
    thank goodness you were persistent with the POA - that must be one weight off your mind
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.