Financial planning, investments, inheritance tax and Trusts
Advice for Court of Protection Deputies about financial planning
If you are appointed as a Court of Protection Deputy for property and financial affairs you will be responsible for managing someone’s finances. This means that you must keep their finances under regular review, even if there are arrangements or relationships which were put in place before your appointment. You cannot simply do nothing. Inherited arrangements or relationships may no longer be in the best interests of the individual now, and as Deputy you may need to make changes to bring those arrangements up to date.
How Clarke Willmott can help
The role of a Court of Protection Deputy is one that carries significant responsibility. It is important to take the right advice and we can help you navigate through these issues to make sure that you do not make expensive mistakes.
We do not give financial advice but we can help you choose the right financial adviser or specialist, depending on the financial issue you are dealing with.
We can assist with the following matters:
- Asset protection trusts
- Inheritance tax planning advice
- The review of assets and investments to consider whether they are the right ones
- Appointing an appropriately qualified financial advisor or investment manager
- Explaining how the charging structures of financial advisers and investment managers work
- The impact of changes on performance and on the value of the investment
- The importance of cash flow forecasting to make sure funds last
- Providing advice on whether gifting by Deputy is appropriate
- Business succession planning
- Applications to the Court of Protection regarding finances
- Funding or paying for care
- Impaired life annuities
- Disputes over finances
Recommendations
‘This is a very busy team, led by two doyennes of the Court of Protection world. Their knowledge of Court of Protection matters is unrivalled and there cannot be anything they haven’t seen. They are excellent at dealing with the difficult, weird and wonderful cases, and are very well resourced.’ – The Legal 500 2025
‘I find the team very approachable and professional. Anthony Fairweather will always be available in an emergency. Everyone is so friendly and helpful. Nothing seems too much trouble and they will do their best to assist you in whatever your needs are.’ – The Legal 500 2025
Contact a Court of Protection solicitor
For financial planning advice for Court of Protection Deputies, contact our specialist team on 0800 652 8025 or contact us online.
