You may think you don’t need to make a lasting power of attorney, because your money is held in a joint bank account with your partner. Most people assume that if they were to suffer a stroke or develop dementia, their partner would be able to carry on operating the account and would continue to have full access to their pension and other income paid into the account.
But beware, for things are not so simple.
Check out our new articles on mental capacity and joint bank accounts. You can read the article from rhw’s private client team by clicking HERE