Managing a Loved One’s Finances

Dealing with personal finances can be confusing at the best of times. If a loved one starts to require care, it can be a source of great confusion and often anguish.

The best course of action is to take a proactive approach, rather than a reactive one. This means taking steps to ensure any financial questions that may arise are answered whilst the person in question is able to do so.

Despite this being the best way to proceed, there are other areas to consider. For example, if there are benefit payments involved then keeping on top of them can be a confusing and stressful experience.

Thankfully, Sova Healthcare can help.

Sova’s Appointeeship Service

An appointee is a person or organisation that has been given responsibility for a person’s finances. It allows the stress of dealing with financial decisions to be taken away from those receiving care who may no longer have the capacity to do so.

At Sova Healthcare we offer an appointeeship programme that allows us to manage any benefit payments the care receiver is entitled to via the DWP. This ensures that all payments are received correctly and any changes in circumstances are recorded appropriately.

We are also able to offer a selection of other services as part of the appointeeship programme. These are:

  • Financial advice
  • Guidance on payments for general living costs
  • Regular contact with you, your family, social and healthcare workers to ensure the best outcomes
  • Expense cards for personal carers
  • Safeguarding against financial abuse

For more information about all of our services here at Sova Healthcare, please speak to one of our team. If you have any specialist care requirements or have any manner of home care needs, please get in touch today.