Setting up power of attorney can enable someone to make decisions on your behalf if you're not able to do so. This means whatever happens in the future, you'll be looked after in the way you want by those you trust.
If no power of attorney is set up and you become mentally incapacitated, your family or friends would need to apply to the Court of Protection (COP) before they can help with financial affairs. The COP will then supervise the management of your affairs to ensure you're protected. Having a power of attorney set up can save this lengthy and expensive process with the COP.
Lasting power of attorney (LPA) - the appointed person can manage your finances for you in the future if you reach a point where you require support in making decisions, or are unable to make decisions yourself. A lasting power of attorney can be used as soon as it has been registered with the Office of Public Guardian (OPG), unless otherwise specified. The Coventry will only need to see the 'Property & Affairs' document, we don't need the 'Health & Welfare' document.
Enduring power of attorney - if you have an unregistered enduring power of attorney (these were replaced by lasting power of attorneys in 2007), it can still be used. Your attorney will need to register it with the Court of Protection if they believe you are, or are becoming mentally incapable.
There are other types of powers of attorney. Please contact our specialist team to discuss this further.
In order for us to register the power of attorney, we'll need to see:
- the power of attorney document, original or certified copy. You can certify it if you still have mental capacity, if not, a solicitor should do this, and
- a completed attorney supplementary form. We'll need to see ID for any attorney who isn't an existing customer with the Coventry.
If a new account needs setting up for you, you'll need to complete an application form as well as providing us with the power of attorney document, and we'll need to see ID. Contact our specialist team on 0800 587 4525 to discuss this further.
Online - the attorney may be able to operate your account through our Online Services. If this is the case, they'll receive security details in their own name so that they can use Online Services in the same way you can.
If the attorney is already registered for our Online Services they won't need additional security information, instead your accounts will appear on their 'My Accounts' page.
In branch - transactions can be carried out in branch in the usual way. Depending on the type of account you have with us, the attorney will have the option to transact in a variety of ways according to the account terms and conditions.
Over the phone - transactions by post can be carried out in the usual way. We'll check the attorney's signature that we hold on our records in order to validate any transactions.
Yes. Providing there are no restrictions within the power of attorney document, the attorney can have a cash card or Visa debit card, if the account type allows.
- when you decide to revoke it before you lose capacity
- when an attorney (or you) becomes bankrupt
- when an attorney loses mental capacity
- when a marriage or civil partnership between you and the attorney is dissolved
- when an attorney decides to disclaim their powers
- when the Court Of Protection (COP) makes an order revoking a power of attorney.
If an attorney passes away on a 'jointly or severally' power of attorney or they are the sole attorney, they will be removed from the account and a new attorney can be appointed. If the document is 'jointly/severally' the remaining attorney may continue to act. If an attorney passes away or is no longer able to act on a 'jointly' power of attorney you should refer to the Office of the Public Guardian for guidance.
You can find out further information in our Power of attorney leaflet (PDF 834KB)Opens in another window.