I have been my mothers Deputy for the last five years. Over the last twelve months I have sold her property and after payment of an Equity Release loan and a Deferred Payment Scheme with my LA my mum's liquid assets are now under £23000. The LA have done a new Financial Assessment and I have stopped payment of my mum's AA with the Dept of Works and Pensions as the LA are now part funding her Care Home fees.
However, I have just completed my mother's Annual Declaration of her finances for the COP and am wondering will my level of 2A with the COP now be reduced automatically by them or will I have to apply for it or will it stay the same as I am currently paying £320.00 a year for them to check the report.
Also do I have to apply to the OPG to have her Security Bond reduced (as I am currently paying £200 a year for £80000 worth of cover) but is this chargeable for a reduction in the Bond as I have heard this can only be reduced by a new application to the COP.
However, I have just completed my mother's Annual Declaration of her finances for the COP and am wondering will my level of 2A with the COP now be reduced automatically by them or will I have to apply for it or will it stay the same as I am currently paying £320.00 a year for them to check the report.
Also do I have to apply to the OPG to have her Security Bond reduced (as I am currently paying £200 a year for £80000 worth of cover) but is this chargeable for a reduction in the Bond as I have heard this can only be reduced by a new application to the COP.