Corporate appointeeship is the name given in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

(UK) to the process of an accredited organisation becoming the designated appointee to a person who is unable to manage their finances. Corporate appointees are often

Local government Local government is a generic term for the lowest tiers of public administration within a particular sovereign state. This particular usage of the word government refers specifically to a level of administration that is both geographically-l ...

or local authorities in the UK and firms of solicitors or

consumer advocate Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace. Consumer protection measures are often established by law. Such laws are intended to prevent business ...

organisations that provide an appointeeship service when a suitable family member or friend is unavailable or lacking to take over the daily money management services and responsibilities of the person in need of an appointee. A county council or similar authority will be appointed under certain circumstaces: Due to the lack of resources that local authorities have in the UK and the fact that money management services are not statutory services, many councils now outsource corporate appointeeship to organisations across the England. Corporate appointees need to be approved by the

Department for Work and Pensions , type = Department , seal = , logo = Department for Work and Pensions logo.svg , logo_width = 166px , formed = , preceding1 = , jurisdiction = Government of the United Kingdom , headquarters = Caxton House7th Floor6–12 Tothill Stree ...

, as the appointee is responsible for receiving benefit entitlement payments on behalf of the individual representing. Corporate appointee services have been extended by Daily Money Management companies across the UK which has served to highlight the lack of financial protection that often leads to the

financial abuse Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ...

of vulnerable individuals unable to manage their finances.

Procedure

The procedure for appointing such a corporate entity to handle a person's finances is complicated and can be contested; the process must be followed carefully, and while retaining a private attorney is not always necessary, at a minimum, a social worker should be contacted. After a social worker completes a care assessment, they can recommend a Corporate Appointee. If a county or borough council takes on the application, then they complete the "forms for the

(DWP), ndnotify the DWP...."

References

Accounting in the United Kingdom {{UK-law-stub

Procedure

See also

References