Hi,
Apologies if this has been answered before but I cannot find a definitive answer.
We are currently in the process of applying for a Court of Protection Order for one of our parents (diagnosed with advanced dementia) which has just been approved by the court. The have asked for an insurance bond of £200K, which their nominated provider are quoting £150.
It may not seem a lot but we are extremely limited in our funding and it will have to go on a credit card.
Can we expense this annual bond fee to the parents account once the deputy ship is in place as an expense, for which it will be clearly documented in the Deputyship annual accounts. I understand we need to produce.
Thanks in advance for any help.
Apologies if this has been answered before but I cannot find a definitive answer.
We are currently in the process of applying for a Court of Protection Order for one of our parents (diagnosed with advanced dementia) which has just been approved by the court. The have asked for an insurance bond of £200K, which their nominated provider are quoting £150.
It may not seem a lot but we are extremely limited in our funding and it will have to go on a credit card.
Can we expense this annual bond fee to the parents account once the deputy ship is in place as an expense, for which it will be clearly documented in the Deputyship annual accounts. I understand we need to produce.
Thanks in advance for any help.