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The Kings Court Trust Blog

Keeping you up-to-date with Wills, probate and estate administration industry news

Joint Accounts Now Routinely Frozen if Capacity Lost

on Nov 20, 2013 9:00:00 AM By | Kings Court Trust | Blog Estate Planning Power of Attorney
Earlier this year, the British Bankers' Association (BBA) released guidance that revealed it is common practice for banks to freeze withdrawals from a joint account if one of the account holders is mentally incapable, until the appointment of an attorney or deputy.
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What Happens to your Affairs Should You Lose Mental Capacity?

Whilst you are probably mindful of the importance of having a Will, you may not be aware of the consequences should you lose your mental capacity. Duncan Sims, Business Development Manager at Kings Court Trust, and former Will writer, explains…
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