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A guarantee bond is an insurance policy which you must purchase before being awarded a
deputyship order. The cost of the bond is on a sliding scale and depends on the value of the estate. The bond will cover the costs of the deputy acting fraudulently – i.e. using the estate’s assets for his or her own purposes or absconding with the entirety of the estate.
What is the difference between a Lasting Power of Attorney: Property and Financial Affairs and a
Lasting Power of Attorney: Health and Personal Welfare?
A Lasting Power of Attorney (LPA) Property and Financial Affairs allows the attorneys to
administer the financial affairs of the donor – e.g. pay bills, transfer money from and to accounts,
sell property etc. A LPA Health and Personal Welfare allows the attorneys to make decisions
concerning medical treatment and care on the donor’s behalf.
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