1. Expert Q&A: Protecting a person with dementia from financial abuse - Weds 26 June, 3:30-4:30 pm

    Financial abuse can have serious consequences for a person with dementia. Find out how to protect a person with dementia from financial abuse.

    Sam, our Knowledge Officer (Legal and Welfare Rights) is our expert on this topic. She will be here to answer your questions on Wednesday 26 June between 3:30 - 4:30 pm.

    You can either post questions >here< or email them to us at talkingpoint@alzheimers.org.uk and we'll answer as many as we can on the day.

Payments to an account

Discussion in 'Legal and financial issues' started by Miners daughter, Jan 14, 2015.

  1. Miners daughter

    Miners daughter Registered User

    Jan 18, 2014
    14
    can anyone tell me if it is possible to open up a separate new bank account, and arrange for patients state pension, industrial injury pension and occupational pension to be credited to that account. The new account would be in power of attorneys name but their relatives payments would be credited. The only reason for this is so that all patients funds go into account and all payments to care home,council etc leave from account along with any of the relatives expenses eg toiletries etc. nothing untoward being done, just hoping to keep it all clear and simple. Does the dwp allow someone's pension to go into the POa's name only account that would be set up for this.
     
  2. jenniferpa

    jenniferpa Volunteer Moderator

    Jun 27, 2006
    39,417
    The DWP has absolutely no problem with this: if you are an appointee they actually recommend that state benefits go into an account in the appointees name. Of course you have an LPA/EPA which is even better so you shouldn't have any problem setting up the sort of account you outline. The best way to title it is to have it as "miners daughter as attorney for miners parent" since that way, it makes it clear that it isn't your own money and you don't have any issues with who owns the money etc.

    Edit: "shouldn't" should probably come with a caveat - some banks are better than others with this sort of thing.
     

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