
Low Asset Deputyship Service.
Money Carer has introduced a ‘low asset’ deputyship service to provide those people with small amounts of assets with access to a low-cost court of protection deputyship service to act on their behalf and in their best interests in line with the Mentals Capacity Act (2005).
As Money Carer have a much lower cost base and benefit from the operational efficiencies delivered by its proprietary money management platform (Monika) we are able to provide a robust deputyship service to support those vulnerable clients who require a professional deputy to provide the necessary for support them.
Deputyship Transfers and Relinquishments
Money Carer also works alongside existing deputies who may be assessing whether continuing as deputy is in the best interest of their client going forward.
In these cases, it may be more appropriate for an existing deputy to apply to the court of protection for a relinquishment decision if the clients assets and income have depleted. In this scenario, a deputyship is no longer the most appropriate plan to best serve the client in the future.
Money Carer can agree to inform the court formally – in conjunction with the relinquishment application – that we are willing and able to act as the individuals DWP appointee if that would be a more suitable and cost effective arrangement for the client. When assessing best interest, please refer to the OPG Professional Deputy Guide and Checklist.
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