Your affairs will be handled by the Office of the Public Guardian, and a receiver appointed by the Court of Protection. Quite rightly, they exist to protect the interests of vulnerable people in this type of situation but where a Local Authority, solicitor or other professional is appointed they will be entitled to be paid for the time they spend. It is not at all unlikely that the costs could exceed £10,000 a year plus VAT – that might cover 1 hour a week of a solicitor’s time. However, the majority of people, who have the choice, would choose a partner, son or daughter, or trusted friend to perform this role, not a faceless unknown official or solicitor. Moreover, the official procedure can be frustrating, highly intrusive and cost in excess of £1000 and take up to 12 months. The Court can put restrictions on your account allowing only the necessities even it’s a joint account, and can prevent you selling your property. This can cause enormous problems and expense for your family.
