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Financial Guardians – Increase to Independent Financial Advice limit, As of Monday 5th September, we will be increasing the limit to £50,000. Financial guardians must take proper financial advice when managing and dealing with an incapable adult’s investments. We have reviewed the threshold and have increased this from £25,000 to £50,000. This means that financial guardians must seek independent financial advice when the adult's estate is over £50,000
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Investigation process, to become involved, we will begin our investigation. The process involves the following 3 steps: Step 1 Establishing incapacity / capacity Step 2 The Investigation – Information and evidence gathering, Search Investigation, the information you have given us. If we are satisfied that you have provided sufficient evidence of risk
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Financial interveners, request to see this information. For further information about the duties of the intervener please, interveners
The Public Guardian monitors the actions of interveners who have, on the information you provide in the documentation you send to us. You will need to keep copies of all, for this every 3 to 6 months until the intervention order has been completed. However, in certain circumstances we may agree a different timeframe. We will let you know if this is the case. What information
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People involved, involved When making an application for an order, a variety of people can be involved: Applicant – person with an interest making the application Adult – person over 16 years who is incapable of managing their own affairs Relevant others – includes the nearest relative, named person, primary carer and any other person with an interest in the welfare and financial, for the supplementary reports. Nominated intervener – the person being put forward to act as intervener Mental
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Welfare interveners,
Intervention, order, welfare, intervener, interveners Once you have been appointed you will be issued with a copy, the adult lives or the Mental Welfare Commission for further information. If there are any changes to the adult or your circumstances, such as a change of address, you must let us know. More information is available on what to tell us and how to let us know. For further information and guidance refer
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Inventory of estate, ? The inventory of estate lets you tell us about all of the income, assets, expenditure and debts belonging, certificate of appointment will inform you of the date when the inventory is to be returned to us, can approve the inventory if, for example, clarification or further information is needed, examples to give you an idea of the information needed in the inventory of estate. If you require any, Inventory
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People involved, involved Applicant - person with an interest in making the application Adult - person over 16 years who is incapable of managing their own affairs Countersignatory, others - includes the nearest relative, named person, primary carer and any other person with an interest in the welfare and financial affairs of the adult (this could be a health or social work care, in the UK Fundholder - financial institution such as a bank or building society where the adult's funds
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Schedule 4 - other income, Search Schedule 4 – other income; income from a trust, rebate, interest in a business etc . Any income received which has not been recorded in Schedules 2 or 3 should be recorded here List source of income, reason for income and the amount received You must send evidence along
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Information for banks, scenarios where your bank/building society could be involved. 1. Providing information about the adult’s bank account Where someone is thinking about making an application to access an incapable, Information, , financial intervener or financial guardian to do so. What is the role of the Public Guardian, for authority to access the necessary information about the adult’s bank account. We can issue a certificate
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Schedule 2 - interest payments, Search Schedule 2 – Interest payments; bank interest, share dividends etc. List all of the interest payments received during the period of account. Where possible record the income this in the same order as in Schedule 1 Each amount of income should be shown separately along with the date