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Theoretical question, a friends family is in a bit of turmoil.
Can someone with power of attorney foe someone with dementia take out loans, sell property to free up investment etc.
Or abuse this position of trust.
Short answer without knowing more - yes, but whatever the attorney does must be in the best interests of the person with dementia
As a matter of practicality, yes they can do this. However it is criminal behaviour and potentially attracts a prison sentence.
It's theoretically possible that taking out a loan or equity release could be in the best interests of the person involved.
If they are sure that the person is not acting in their best interests, then this service may well be able to advise.
https://www.gov.uk/government/organisations/office-of-the-public-guardian