Capacity to manage property and financial affairs (CoP3)

The Capacity to Manage Property and Financial Affairs Assessment (CoP3) service is designed to evaluate an individual’s capability to handle their financial matters and property in the United Kingdom. This assessment is particularly useful when concerns arise regarding a person’s ability to manage their finances due to factors like aging, illness, or disability.

Our trained professionals conduct the CoP3 assessment, engaging with the individual to assess their understanding of financial concepts, ability to manage assets, and grasp of the consequences of financial decisions. Through interviews, observation, and standardized tests, we gather information about the individual’s cognitive abilities, communication skills, and decision-making capacity.

The outcome of the CoP3 assessment carries legal significance, potentially leading to measures to safeguard the individual’s interests if they’re found to lack capacity. These measures could include appointing a legal guardian or establishing a power of attorney to ensure their financial affairs are managed in their best interests.

Overall, our Capacity to Manage Property and Financial Affairs Assessment (CoP3) service plays a pivotal role in protecting the rights and well-being of individuals who may be vulnerable due to cognitive impairment or other factors affecting their financial decision-making abilities.