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Money Box: Managing someone else's money

24/02/2021

Managing someone else's money

BBC Radio 4 - Money Box, Managing someone else's money

Are you thinking about letting someone else manage your money?

Felicity Hannah and a panel of guests answer your questions about managing someone else’s money - e-mail moneybox@bbc.co.uk or tweet @MoneyBox.

Who will take care of your affairs if  you can't and how do you go about giving someone the right to manage your money? 

It can be a big step for everyone involved but setting up a power of attorney is one way to allow someone to control your money and personal needs. One or more people can help with dealing with your bank, paying your bills, and arranging care.

But what if an individual doesn't have the mental capacity to grant power of attorney and what can you do if you're concerned that a relative's finances aren’t being managed responsibly?

Presenter Felicity Hannah is joined by:

Sandra McDonald, former public guardian for Scotland
Melinda Giles, partner at Giles Wilson Solicitors 
Sarah Murphy, associate director for advice, information & training at ReThink

We’d love to hear from you if you’re thinking about letting someone else manage your money or if you’d like to share your experience as an attorney. Please get in touch: moneybox@bbc.co.uk or tweet @MoneyBox.

Producer: Darin Graham
Editor: Rosamund Jones

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