Business

Power of attorney process overhauled to combat 20-week delays

Others said they would lose thousands on expensive equity release mortgages that they could not escape as they awaited official papers that would give them the right to sell their parents’ homes.

Age UK, Britain’s largest charity for the elderly, said the changes were a “welcome first step”.

Shaun Moore, of advisers Quilter, said the transformation was “long overdue” and a victory for families “financially powerless due to crippling public service delays that have become all too publicized”.

“The current slow service is putting tremendous pressure on attorneys who have been nominated but not yet registered as attorneys, and is costing them valuable time and money,” he said.

Powers of attorney are becoming more common as the population ages and mental degenerative diseases such as dementia become more prevalent.

Today there are more than six million registered powers of attorney.

Despite the increase, the Office of the Public Guardian still processes more than 19 million sheets of paper each year, and many elements of the system have not been updated since the early 1990s.

Justice Secretary Tom Pursglove said digitization would help reduce the government’s carbon footprint, reduce errors and shorten waiting times.

He added that the new facility would include security checks to protect against fraudsters, such as B. abusive caregivers taking control of an elderly person’s finances.

Online applicants will be asked for official documents such as a driver’s license, passport or Government Gateway ID.

Those who prefer to use the paper-based system will still be able to do so.

https://www.telegraph.co.uk/money/consumer-affairs/power-attorney-process-overhauled-combat-20-week-delays/ Power of attorney process overhauled to combat 20-week delays

Screesnrantss

Pechip.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@pechip.com. The content will be deleted within 24 hours.

Related Articles

Back to top button