Member Article

PM+M launches new bespoke Court of Protection service for law firms

PM+M, the chartered accountancy, business advisory and financial planning group, has launched a brand-new Court of Protection service that is aimed at law firms which operate dedicated Wills and Probate departments.

A Court of Protection order is normally used when a Power of Attorney is not already in place. The order gives a court appointed Deputy, who is very often a solicitor, the permission to manage the affairs for someone who cannot manage them themselves. This happens after they have lost mental and physical capacity.

The new PM+M Court of Protection service will offer law firms across the UK tailored support for their Court of Protection clients including financial and tax advice, investment management, cash flow and sustainability planning as well as access to the firm’s in-house discretionary managed portfolio, and its advisory or ESG (environmental, social and corporate governance) investment offerings.

The core aim is to offer solicitors a tailored service to provide them with the efficiencies that will give them more time to support their clients and deliver the best service possible. PM+M can collaborate for the duration of a court order and can continue to offer the client support thereafter if needed.

The new service will be headed up by James McIntyre and Antony Keen, who lead the financial planning team, and will be supported by Wendy Anderson, Director of Private Client Tax. They, in turn, will be able to draw on the support of PM+M’s wider team of 130 professionals.

James said: “This new offering has been carefully tailored to the needs of law firms who support vulnerable Court of Protection clients. As a firm, we pride ourselves on offering a caring and holistic planning approach. We understand the sensitive nature of the work involved and the breadth of responsibilities that an appointed deputy must undertake for their client, from benefit assessments, managing spending sustainably and taking care of periodic payments, to assisting with everyday care needs and resolving any issues that materialise.”

Antony added: “We also care deeply about the safeguarding of all individuals so will support partner firms with these responsibilities whilst providing reassurance to them and their clients that they can trust our expertise. This launch is an exciting step and one that we hope will add real value.”

This was posted in Bdaily's Members' News section by PM+M Chartered Accountants .