Banks acting as Attorneys

This may seem a silly question but has any one appointed a Bank as an Attorney for Financial Affairs LPA as I have. client who wants to appoint the Trust arm of a well-known high street bank to act as the attorney rather than the children.

Any help and guidance would be most appreciated.

Colin Edward Wells
Avon Legal

From my recollection the only major bank which would act as attorney was Barclays. Certainly Lloyds did not take on this business but that may well have changed. Admittedly that was before L PAs came into being and in the case of Barclays they usually drew up the EPAs themselves. I certainly can’t see any reason why a bank should not be appointed if it is prepared to act but obviously your Client will need to know what their charges for acting will be.

Patrick Moroney
BWL solicitors