A Power of Attorney is a legal document that allows a person or persons (attorney / attorneys) the power to act on the behalf of another person (the donor) in relation to their personal welfare and /or property and financial affairs.
As a financial institution we only require a property and affairs document which authorises an attorney(s) to manage the donor's finances and property
Some of the reasons for obtaining Power of Attorney are;
There are different types of Power of Attorney documents. We recommend that you seek advice on which type of Power of Attorney is most suitable for you.
Chelsea Building Society only accepts English, Welsh, Scottish or Northern Irish Power of Attorney documents.
More information can be found on the websites below.
You can also obtain further information regarding Powers of Attorney by contacting the Office of the Public Guardian on 0300 456 0300*.
If you would like to talk to us about Power of Attorney, you can call our specialist team, between 9am and 5pm Monday to Friday.
Please send documents to:
Customer Service Centre
Chelsea Building Society
Charlton Kings Business Park
A person who has been appointed to carry out decisions for another person.
The Beneficial Owner is a person who cannot manage their own affairs.
These are copy documents which have been checked and verified as being the same as the original by one of the following: bank/building society employees, solicitors, accountants, commissioner for oaths, independent financial advisers or the Post Office.
This is required when an individual no longer wishes to act as an Attorney. This deed needs to be sent to the Office of the Public Guardian for registration before it can be used.
This is used in England and Wales when you want to end the rights you have given under a Power of Attorney. It needs to be sent to the Office of the Public Guardian for registration before it can be used. See https://www.gov.uk/power-of-attorney/end for more information.
The Donor is the person who lets someone else (the Attorney) make decisions for them.
The UK Government department for the administration and collection of taxes.
A tax-efficient cash savings account.
The Court of Protection document.
A Power of Attorney is a legal document that allows the Attorney to make decisions or carry out transactions for another person. There are three main types in England and Wales: