How an Attorney Can Manage the Finances of a Donor

19th November 2025

When someone sets up a Property and Financial Affairs LPA, they’re giving a trusted person (their attorney) the ability to manage their money and financial decisions if they can’t do it themselves. It’s a big responsibility, and if you’re stepping into that role, you need to know exactly what you can do, what you must not do and how to handle day-to-day financial tasks like withdrawing money from a bank.

Here’s a clear, no-nonsense guide to what’s allowed, what’s expected and how to manage things smoothly and responsibly.

What Financial Decisions an Attorney Can Make

A Property and Financial Affairs attorney can make most financial decisions on behalf of the donor, including:

• Managing bank and building society accounts
• Paying bills and handling utilities
• Collecting benefits, pensions, or income
• Managing investments
• Buying or selling property (with safeguards)
• Budgeting and planning for ongoing care costs

Think of it as looking after the donor’s financial life from top to bottom, always acting in their best interests and always with clear records.

Can an Attorney Withdraw Money From a Bank?

Yes, but with structure, transparency, and the right authority in place.

Once the LPA is registered with the Office of the Public Guardian (OPG), banks can add the attorney to the donor’s accounts. This allows you to:

• Withdraw money
• Pay for day-to-day expenses such as groceries, transport, or care needs
• Set up Direct Debits or standing orders
• Access statements
• Speak directly with the bank about the donor’s finances

But, and this matters, withdrawing money must only ever be for the donor’s needs or best interests. No gifts, no “borrowing,” and no mixing their money with yours. You’re managing their funds, not acquiring them.

Setting Up Bank Access as an Attorney

Every bank has a slightly different process, but you’ll usually need:

• The registered LPA
• Proof of identity
• Proof of address

Many banks now have dedicated “Power of Attorney teams”, so the process is faster and clearer than it used to be. Some even allow attorneys to manage accounts digitally once added.

Keeping Records (And Why It’s Non-Negotiable)

Attorneys are legally required to keep clear financial records. That includes:

• Receipts
• Bank statements
• Notes explaining large or unusual transactions
• Evidence that decisions were made for the donor’s benefit

If the OPG ever investigates, which they can, these records protect both you and the donor.

Acting in the Donor’s Best Interests

Every decision must put the donor first. That means:

• Keeping them involved in decisions wherever possible
• Avoiding unnecessary risks
• Respecting their past wishes, values, and lifestyle
• Using their money for their wellbeing, comfort, and care

An attorney isn’t there to save money or preserve an inheritance. Their role is to make sure the donor’s life continues as comfortably and safely as possible.

Managing someone else’s finances isn’t always easy, but with a registered LPA using a service like Power of Attorney Online, clear guidance and the right safeguards, it becomes a straightforward, compassionate way to protect their wellbeing. Whether you’re paying bills, withdrawing money, or handling bigger decisions, the aim is simple: act responsibly, transparently and always with the donor’s best interests at heart.