Financial Succession
Planning for Families
Working closely with families, Money Carer are committed to guiding your future planning. We understand that there are circumstances that require a re-evaluation of financial commitments and are here to help. This is particularly important for those with concerns about their ability to provide continued support for a vulnerable person, such as parents and carers. Here at Money Carer, we can ensure sufficient supports are put in place, and guarantee peace of mind for concerned parties, in terms of future financial needs.
Money Carer Banking Features
No opening or maintenance fees.
Instant bank statements online or from smartphone app.
Set up automated balance limits for safeguarding purposes.
Get personalised payment alerts for fraud monitoring.
Store, view and share DWP and other relevant documents.
Access to built-in welfare benefit check and entitlement calculator.
Entry onto the Vulnerability Registration Service Database.
Prepaid spending cards for support systems.
Access to expert support from the Money Carer team.
Your Care Circle
By working in close collaboration with relevant parties, such as support workers, relatives and local authorities, we are part of a broader support network, otherwise known as a ‘Circle of Care’, that can provide for an individual. Our focus is primarily money management, typically regulated under a legal framework such as DWP Appointeeship, or by becoming a person’s deputy.
We also work alongside other professionals who may be involved on the more legal side of things, such as solicitors, or trustees. A common scenario we see this most applicable to is when an individual’s family have set up a discretionary trust, in their best interest. Money Carer is then able to liaise with the trustees, and relevant authorities, in order to request money for larger purchases, where appropriate.
Our Experience
For nearly two decades, we’ve been supporting thousands of vulnerable adults across the nation, with a large variety of financial needs. We prioritise financial inclusion and independence for all, however this may look.
With years of extensive investment, we have our own unique banking and payments platform, Monika, which is integrated into our advanced systems. Not only does this better enable us to support our clients and their support systems, but is also used by hundreds of law firms, local authorities, and care providers as a standalone service.