How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ben Jones Your Own Question
Ben Jones
Ben Jones, UK Lawyer
Category: UK Law
Satisfied Customers: 9038
Experience:  Qualified Solicitor - Please start your question with 'For Ben Jones'
29905560
Type Your UK Law Question Here...
Ben Jones is online now
A new question is answered every 9 seconds

A, who has a history of alcoholism grants B a financial Power

Customer Question

A, who has a history of alcoholism grants B a financial Power of Attorney to control his spending if he starts to drink again. Some months later, B informs A's bank that he wishes to take control of A's bank accounts under the terms of the Power of Attorney. Bank replies in writing that one of the clauses in the Power of Attorney is vague, and suggests that B can only exercise control over A's affairs while A is able to do so and that they are therefore refusing B's application to take control of A's accounts on the basis that A is unable to manage his own financial affairs.

Over the following months A withdraws tens of thousands of pounds from his bank accounts, loses his home and suffers serious alcohol related injuries. Can a claim be made against A's bank in that they have failed in their duty of care towards a customer who, by their own admission, was incapable of managing his own financial affairs?
Submitted: 3 years ago.
Category: UK Law
Expert:  Alice H replied 3 years ago.
My name is Alex Hughes and I am a Solicitor based in London. I'm happy to help with your question today.

On what date was the POA given?
Customer: replied 3 years ago.

March 2012.

Expert:  Stuart J replied 3 years ago.
Hello, I will try to assist with this.
Which clause is vague?
Can I have the exact wording please?
Was A ever excluded from the bank account by himself?
What did they say to admit that A couldnt manage his own affairs?
Why wasnt the clause amended in 2012?
Thanks

Related UK Law Questions