Giving LPA to the right person is crucial

A woman has been jailed for eight months after stealing cash from her mentally frail 90-year old grandmother.

Zoe Berridge, 33, of Immingham, stole nearly £12,000 from her elderly relative's account after she was given joint power of attorney, the Grimsby Telegraph reports.

She is said to have systematically withdrawn the cash after taking advantage of her grandmother's illness.

The case highlights how it's vital to give lasting power of attorney to a person who can be trusted to take care of a physically or mentally unwell relative.

In addition, it's important to be sure that any investment decisions made by those given lasting power of attorney are ones that are acceptable in the long run.

Writing in The Mirror, money expert Melanie Wright advised one reader asking for advice on investment while their mother is in a care home.

She warned that it is crucial to make sure that any form of investment leaves enough money to take care of the elderly or infirm relative.



Published on: February 3, 2011

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