Advise re panel deputy

Discussion in 'Legal and financial issues' started by tryingmybest, Oct 1, 2015.

  1. tryingmybest

    tryingmybest Registered User

    May 22, 2015
    619
    Female
    Could anybody advise please on a couple of points if a panel deputy is appointed by the Court Of Protection,

    A)how do they make a decision on the safest place to put all the persons money and surely it would not be safe to put a very large sum into one account in case a bank gets into trouble bearing in mind the government only covers up to £80,000?

    B) how would the person and the daughter who is the 24/7 carer get access to the persons pension and attendance allowance to pay for daily living expenses?

    Thank you
     
  2. canary

    canary Registered User

    Feb 25, 2014
    10,531
    Female
    South coast
    I dont really know the answer to the first question, but I am assuming that if a neutral deputy (ie neither you nor your sister) is appointed it will be someone with experience of financial matters who would know the best way to organise your mums finances.
    I do know the answer to the second point as I use it myself. What you do is organise a standing order of an amount to cover personal expenses into a bank account that is accessible by the carer (ie you). I would be surprised if an experienced deputy did not do the same thing.
     

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