Court of Protection / Deputy Bonds

Overview

Acting as a deputy to manage the financial affairs of an individual who lacks the mental capacity to do so for themselves requires the guidance and oversight of the law.

To ensure that the individual does not suffer any financial losses as a result of the actions of the deputy, the Court of Protection requires the presence of a Court of Protection or deputy bond before appointing a deputy. The bond will recompense losses up to a stated maximum limit.

This product is only available in the UK.

Best for

• Close relatives or friends wishing to carry out the role of deputy on behalf of the person concerned
• Professional deputies who will receive a fee for their services, such as solicitors or accountants

Highlights

•  Court of Protection deputy bonds