Our ‘Low Asset’ Deputyship Service
Money Carer has partnered with Harts & Ports Chartered Accountants to introduce a ‘low asset’ deputyship service. The new service will enable local authorities supporting clients with smaller assets and estates to be referred over to our low-cost service.
Our deputyship service will provide the much-needed solution for individuals with smaller amounts of money or property, requiring a court order to provide the legal authority for bank accounts to be accessed, for example, for low-value assets to be sold, or for tenancy agreements to be signed.
The service has been designed also to enable solicitors, seeking to transfer existing, often financially unsustainable deputyship files within a higher costs structure, to seek the permission of the court of protection for a deputyship transfer order to a regulated chartered accountancy firm able to manage the ongoing client deputyship requirements within a lower cost framework.
The service, to be launched in July 2023, has been made possible by the decision from Money Carer, in partnership with Harts and Ports Accountants and conversations with many local authorities and professional deputies, to facilitate a low-cost deputyship solution leveraging the efficiencies of Money Carer’s Monika banking and case management system to enable lower value deputyship cases to be managed sustainably.
Deputyship order requests will be submitted to the court of protection by Harts and Ports Chartered Accountants as joint applications in the names of chartered accountants Ryan Hartslief and Andrew Portman who will be the responsible individuals with supervisory duties for their support team. Money Carer will supply the firm with its banking and money management and inward referral platform ‘Monika’, which will provide the technological ‘engine’ to support the service.
As most inbound referrals will require a bank account to be opened to receive funds and an appointeeship to claim and manage welfare benefit entitlements, Money Carer will be the recipient of inbound referrals from local authorities and other organisations whilst deputyship applications are prepared and submitted to the court of protection.
Referrals can be made via our secure portal once a Money Carer communication account has been opened online here.
Deputyship FAQ’s
- Who might need a deputy?
- Who can become a deputy?
- Can a social worker suggest a deputy?
- What responsibilities does a deputy have?
- What does a mental capacity assessment for deputyship entail?
- What is the Montreal Cognitive Assessment?
