Attorneys, Deputies and Trustee Services
As an attorney*, deputy or trustee you will have been given legal control of money or property that is kept or invested for the donor, protected person or beneficiaries. As a trustee you may also act for companies or organisations, for example a charity.
You don’t need legal or financial experience to act in any of these roles. However, you will be a trusted person with a duty of care. Professional advisers may also act in all these roles.
An attorney is appointed by a donor after registration with the Office of the Pubic Guardian (OPG) whereas a deputy is appointed by the Court of Protection itself. These roles are activated when the donor or protected person lacks mental capacity.
A trustee is appointed under the provisions set out in the trust instrument and may or may not be linked to incapacity of a beneficiary.
As an attorney or deputy you can be checked and investigated by the OPG or Court of Protection. Trustees need to comply with the Trustee Act 2000. But do not worry; we have a wealth of expertise in this area and collaborate with other professional advisers such as accountants and solicitors so that you receive comprehensive advice without overlap.
At Goldsborough Wealth we conduct a process that will establish a suitable strategy for managing investments and help demonstrate that you have met your legal obligations and responsibilities.
Our review service will the help you to keep investments on track.
*under a Lasting Power of Attorney