When you submit an application to become a deputy, you will be required to pay specific court of protection fees. After you have been appointed, you will also be required to pay additional fees.
In this article, how much does deputyship cost, we take a look at these issues in more depth.
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For a free initial discussion with a member of our New Enquiries Team, get in touch with us today. We are experienced in dealing with all the legal aspects of court of protection orders, and once instructed, we will review your situation and discuss the options open to you in a clear and approachable manner. Early expert legal assistance can help ensure you are on the best possible footing from the start and also avoid the stress of dealing with these issues on your own. Simply call us on 0345 901 0445 or click here to make a free enquiry and a member of the team will get back to you.
How much does deputyship cost?
You will be required to pay a fee to apply to be a deputy and additionally, an annual supervision charge when you are appointed.
You may also be required to pay for the establishment of a “security bond” prior to being designated as a property and affairs deputy.
When applying, you must pay an application fee of £371 which should be included with your application. If you are applying for both deputy positions, the application cost must be paid twice.
Moreover, you will need to pay £494 if the court determines that your case requires a hearing. The court will specify when this must be paid.
After your appointment, you will be required to pay an annual supervision fee based on the degree of monitoring required for your deputyship. You’ll pay:
· £320 for general supervision.
· Some property and affairs deputies who manage less than £21,000 are charged £35 for minimal oversight.
The annual monitoring fee for the preceding year is due on March 31 and you must additionally pay an assessment charge of £100 if you are a new deputy.
The Office of the Public Guardian will instruct you on how and when to pay your supervision and assessment costs and it is worth remembering that in certain circumstances, you may be eligible to receive a fee refund.
Security bonds for deputies of property and affairs
Before you are appointed to become a property and affairs deputy, you may be required to pay for the establishment of a “security bond”. The idea behind this is to protect the funds of the individual for whom you serve as deputy.
You will be exempt from setting up a bond if either:
· You represent a local government
· The court deems it unnecessary, for instance if the decedent’s estate is considered to be of modest value.
If you are required to set up a bond, the court will notify you through letter. The letter will outline future steps and the bond is established with a security bond provider. Your payment amount depends upon:
· the value of the estate of the individual whose representative you are
· how much of their property you manage
You may pay it by utilising the person’s funds or if you have access to the money, you can recover it from the deceased person’s estate.
How we can help
We have a proven track-record of helping clients with court of protection orders. We will guide you through the process and ensure all checks are carried out swiftly and efficiently and we firmly believe that with the right solicitors by your side, the entire process will seem more manageable and far less daunting.
How to Contact our Private Client Solicitors
It is important for you to be well informed about the issues and obstacles you are facing. However, expert legal support is crucial in terms of saving you money and ensuring you achieve a positive outcome.
To speak to a member of our new enquiries team today, simply call us on 0345 901 0445 or click here to make a free enquiry . We are well known across the country and can assist wherever you are based. We also have offices based in Cheshire and London.
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