My Grandads solicitor wants him to sign over POA to one of us. No idea why as he is probably sharper than the rest of us put together!!
Rude if your granddad had a stroke and no longer had capacity its very expensive to become the Protection of the Guardian after the effect.
You can only become Power of Attorney while they are mentally fit enough to agree to it.
And have registered your application.
Power of Attorney about £110 on-line form gov web site. Click Me
Protection of the Guardian £1,000 - £2,000
Protection of the Guardian Application is about £500 then costs. You cant make a mistake or you have to pay again, so your cornered into appointing a solicitor. And because you need medical certificates etc it easily with solicitor fees goes beyond £1,000 on a good day. With issue then closer to £2,000 its £180 for a cognitive test from a doctor to prove no capacity.
Lasting Power of Attorney
As you can see from this page there are many variations Click Me
But they break down into Heath or Wealth basically or Both.
I have first hand experience of the Protection of the Guardian (No Power of Attorney in place).
Its expensive and its take take take. Security Bonds, Paying the Office of the Public Guardian to monitor you, but they don't do much at all but that's £360 a year. The List goes on and on.
I have a close friend who registered as there mums Power of Attorney on-line and said the help line was great for advice and helping with filling in the POA.
Sorry for ranting a bit but wanted to highlight some of the crazy costs involved in doing the right thing.
And then you will realise the government is out for every penny they can.