Contrary to what you might expect, your next of kin are not automatically allowed to do this. If you have made no other arrangements and become mentally frail the Court of Protection will be appointed to manage your financial affairs. At modest cost you could set up a "Power of Attorney" authorising someone chosen by you to make financial decisions on your behalf by way of a Power of Attorney" providing authority for your Attorney to make your financial transactions for you. 

 

A Power of Attorney is an important safeguard but futurecareassured strongly recommends that you obtain the advice of a competent legal expert before setting one up. 

When looking for a solicitor we would recommend that you use one that that is either a member of Solicitors for the Elderly or The Society for Trust and Estate Practioners.... more info