The government must act to stop rising levels of fraud against vulnerable, elderly people by their own family members and carers who have been granted lasting power of attorney, a lawyer has said.
Wedlake Bell private client partner Ann Stanyer said she had seen a significant increase in the number of her elderly clients who have been defrauded by family members and other carers. Stanyer, who wrote Financial Abuse of Older Clients: Law, Practice and Prevention, said she had seen this occur particularly through the use of lasting power of attorney (LPA) - the legal document whereby a family member or carer is officially appointed to look after the financial affairs of the elderly person - where appropriate safeguards have not been included. More research into the issue was key t...
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