I am passing this warning to as many people as possible.
I can't stress this enough.
If you, or your parents, become inflicted with Dementia, or any mental disorder and you (or they) have more than £16,000 or a house and you have not made provision via Power of Attorney you will have to go through the Government's Office of Public Guardian to get a Deputyship Order to access bank accounts, ISA's etc.
I went through this with my mother this year and it cost a bloody fortune. So far, over £2000 just to set it up and then with ANNUAL "supervision fees" and a "bond" for insurance in case I run off with the money I'm having to pay approx £700 per year, (which will rise) just to look after my Mum, something I was doing perfectly well until I had to apply for this Order to get access to her ISA's to pay her care home fees of £600 per week.
Don't think this will never affect you or your loved ones. These mental disorders are hitting even 40 year olds now.
If you want to keep control of your families finances do a Power of Attorney NOW, it costs money but nowhere near what you will have to pay under the Deputyship Order, which you are stuck with until the inflicted dies or the estate falls below £16000.
Make it a priority or many family inheritances will be lost to this greedy piece of legislation.