It can be worrying to read stories about the UK's Office of Public Guardian (OPG) causing issues that the Lasting Power of Attorney was designed to avoid. Recent data shows 50 per cent year-on-year increase in the number of investigations carried out by the Office of the Public Guardian.
As populations age and issues such as cognitive decline become more salient, wealth managers must understand what is at stake and ensure clients are kept up to speed on legal and related changes.
Andrew Morgan appears in Wealth Briefing examining the state of play around OPG investigations.
Lasting Power Of Attorney Controversies - Use It Wisely is available to read on the Wealth Briefing website.
Andrew is an associate solicitor in the trust and estate disputes team.