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-lo ...
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
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be instit ...
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 fin ...
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
Social work is an academic discipline and practice-based profession concerned with meeting the basic needs of individuals, families, groups, communities, and society as a whole to enhance their individual and collective well-being. Social wo ...
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
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 ...
(DWP),
ndnotify the DWP...."
See also
*
Allocation questionnaire
An allocation questionnaire is a form used in English legal practice. After a claim is made, if a defence is filed each party is required to complete and return an allocation questionnaire to the court so that the judge may properly allocate the ...
, a similar legal form process in the UK
* Conservator of a
Conservatorship
Under U.S. law, conservatorship is the appointment of a guardian or a protector by a judge to manage the financial affairs and/or daily life of another person due to old age or physical or mental limitations. A person under conservatorship is a ...
, in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...
, a person appointed by a court or regulatory authority to supervise a person or entity's financial affairs
*
Conservator (religion) A conservator (from la, , lit=a keeper, preserver, defender), was a judge delegated by the pope to defend certain privileged classes of persons – as universities, Catholic religious orders, chapters, the poor – from manifest or notorious injur ...
, a judge appointed by the Pope to protect the ''personae miserabiles''
*
Public administrator
Public Administration (a form of governance) or Public Policy and Administration (an academic discipline) is the implementation of public policy, administration of government establishment ( public governance), management of non-profit estab ...
, as similar position in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...
, but for decedent's estates
References
Accounting in the United Kingdom
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