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    Supporting law firms with our Court of Protection service

    The role of deputy can often present time constraints, important reporting requirements and the need to provide support to vulnerable individuals. We recognise that the Court of Protection process can be challenging, however, from our experience, many law firms find that having access to specialist financial planners to support their services can help with overcoming unexpected hurdles and managing the process more efficiently.

    Why would a law firm need the support of a financial planner in Court of Protection matters?

    At PM+M, our investment proposition, financial planning advice process, tax advice and Court of Protection advice specialism has enabled us to develop a unique Court of Protection service which is tailored to the requirements of your law firm. We aim to enable a more efficient process, whilst offering a caring and holistic approach for your clients. Plus, our tax planners will submit the necessary tax returns for you too.

    We have developed a specialism within this field and understand the sensitive nature of the work involved. We recognise the breadth of work that the appointed deputy must do for their client, managing spending sustainably, dealing with periodic payments, benefit assessments, supporting everyday care and housing needs and making submissions to the court of protection. We aim to support your legal team in the best way possible to ensure you are able to spend valuable time where it really matters.

    We care about managing your clients’ finances in a sustainable manner and we prioritise their safeguarding. We understand the importance of short, medium and long-term planning and will consider client retirement needs. We can work with you for the duration of the court order and continue to offer a client support thereafter if deemed to have the capacity to act for themselves by the CoP.

    How can a financial planner assist with Court of Protection matters?

    As part of the service, every client is provided with a dedicated financial planner, someone from our client relationship team, a technical paraplanner and tax adviser. In addition, we offer a wide range of financial support to cover various matters, including:

    • Annual performance reporting and review meetings in line with Court of Protection reporting periods
    • An annual assessment of the agreed investment risk profile to ensure that we meet ongoing client objectives and court order requirements
    • Annual financial planning report in line with Court of Protection submission, which can be tailored to suit your requirements and the needs of your client
    • Annual tax returns (included as part of our ongoing service), plus the opportunity to receive wider tax advice subject to an agreed fee from our team of chartered accountants and tax advisers (covering capital gains tax, income tax, dividend tax, inheritance tax planning and any other required tax advice)
    • Tailored lifetime cashflow planning to satisfy court order requirements whilst managing wealth in a sustainable manner
    • Access to valuations anytime using an online portal and mobile phone application
    • Client cash management and income planning advice
    • Access to our in-house discretionary managed portfolio service, advisory or ESG (environmental, social and corporate governance) investment offerings.

    Our Court of Protection services are cost effective, inclusive of a robust investment due diligence process, not subject to any exit fees, fully tailored to suit your requirements and are ultimately designed to save you time.

    What makes PM+M’s Court of Protection service different?

    Our approach and services are fully joined up across our firm, allowing us to support you in all areas of financial planning, tax, private client work and accounting. Our core values (Quality, Achievement, Fun and Doing the Right Thing) underpin everything we do and align very closely with our Court of Protection services – providing you with the reassurance that we’ll deliver a knowledgeable approach, whilst maintaining compassion, respect and sensitivity at all times.

    In addition to our strong roots in Lancashire and across the North West, we also have excellent remote working capabilities – meaning we can support you and deliver a dedicated service regardless of where you are based.

    What do others say about our Court of Protection service?

    “We have no hesitation in recommending PM+M’s Court of Protection services. We have found that the services save us time and improve our processes, and we have found that PM+M’s approach with our clients is professional and knowledgeable, whilst maintaining sensitivity. It’s great to work with a company you can trust!” Stephen Greenwood, Farleys Solicitors.

    How do I find out more?

    We tailor the service to suit your needs, requirements, and processes. If you would like to understand more about the service and how it can benefit yourself and your clients, please get in touch with a member of our financial planning team by emailing financialplanning@pmm.co.uk or call 01254 679131.

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