A very helpful information resource has been compiled by Empowerment Matters and it provides a useful reference point for professionals who are assessing the capacity of a vulnerable person to manage their own finances.
As The Money Carer Foundation supports many vulnerable individuals who are not able to manage their own money in our role as appointee or deputy it is often a requirement of a referral made to the organisation that a person has this assessment carried out by a suitably qualified professional.
Indeed, when the organisation is applying to the Court of Protection in respect of a Deputyship application for Property and Finances part of the application process requires a capacity assessment to be completed via form COP3 (attached here for reference)
The basis of the information provided within the Empowerment matters document is grounded in the 5 key principles of the Mental Capacity Act 2005 as follows:
Principle 1: The Presumption of Capacity
Principle 2: Helping Someone to Make a Decision
Principle 3: The Right to Make an Unwise Decision
Principle 4: The Least Restrictive Option
If you would like to talk with a member of The Money Carer Foundation team about the various options available to support a vulnerable persons money management requirements please get in touch and we will be happy to assist you.
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