You might want to manage someone else's affairs because they:
- Are ill or disabled, either temporarily or on a long-term basis
- Are out of the country for a while
- Are unable to make decisions for themselves, because of mental illness or other reasons.
Managing someone else's affairs can mean a number of things, including:
- Looking after their bank accounts, savings, investments or other financial affairs
- Buying and selling property on their behalf
- Claiming and spending welfare benefits on their behalf
- Deciding where they live
- Making decisions about their day-to-day personal care or healthcare.
There are different ways of managing someone's affairs. Choosing the right one will depend mainly on the circumstances of the person whose affairs you want to manage, and whether or not they have mental capacity
You can look after someone's affairs in one of the following ways:
- With a letter or a third party mandate to deal with a bank, building society or other financial account -
- As an agent or appointee to deal with someone's welfare benefits or tax credits
- With a power of attorney. There are different types of power of attorney . These are legal documents that allows you to appoint someone to have the authority to make decisions about your welfare and financial affairs
- As a deputy appointed by the Court of Protection .This has to be agreed by a specific type of court order. It will state what specific powers you have and what areas of that person's life you can make decisions about. To become a deputy you will need to apply to the Court of Protection.
If you would like further information you might find the links below useful:
Getting independent financial advice
Office of the Public Guardian
Getting your financial affairs in order