By Isle of Wight Observer
For many families, helping an elderly parent with their finances or property is simply part of looking after someone they love. But when an older person becomes less able to manage their own affairs, it is important to make sure the right legal protections are in place.
The issue has recently been highlighted by the Office of the Public Guardian (OPG), which reported that it handled more than 11,000 concerns about how people’s affairs were being managed during 2025.
A Lasting Power of Attorney (LPA) can be invaluable, allowing someone trusted to make decisions about a person’s property and finances if they lose mental capacity. However, attorneys have significant responsibilities and must always act in the best interests of the person they represent.
So, what should families look out for?
1. Important financial decisions are being made without explanation.
Unexplained transfers of money, unusual spending, or changes to investments should prompt questions.
2. The family home is suddenly being sold.
Selling a property may be entirely appropriate, perhaps to fund care or facilitate a move. However, if the sale appears to benefit someone other than the owner, it warrants further investigation.
3. An elderly relative is becoming increasingly isolated.
Financial abuse can sometimes involve pressure, coercion, or restricting contact with friends and family.
4. An attorney is reluctant to provide information.
Attorneys should keep appropriate records and be able to account for decisions made on behalf of the person they represent.
5. Something simply doesn’t feel right.
If family members have genuine concerns about an attorney, or the management of an elderly relative’s affairs, they should seek advice rather than wait for the situation to escalate.
The OPG can investigate concerns about attorneys and deputies and, in serious cases, can apply to the Court of Protection.
At Biscoes, we advise families on Lasting Powers of Attorney, Wills, Trusts, Property, and Court of Protection matters. Taking advice early can help protect a loved one and provide peace of mind for the whole family.