Isokon for Power of Attorney

Isokon's Power of Attorney software enables the attorney to manage all aspects of Power of Attorney work, Lasting Powers of Attorney and Enduring Powers of Attorney:

Client Information  

Full client information is recorded - as well as family and friends, attorneys, and various other professional contacts involved in the case. Any member of your team looking at the file onscreen can see instantly the supervision level.

Decisions 

A record is maintained of key decisions that are made throughout the case. Reports of these key decisions are easily generated in various formats.The dates of the key decisions, and the sequence in which they were taken, can easily be tracked.

It is fundamental in any case review to know (and to have recorded) the specific Decision Taker of each event. 

Regular Payments 

Maintaining and managing an accurate and up to date record of payments made and receipts of incoming money is not always straightforward.

It can easily become the bane of the work for an attorney actively managing a client’s affairs - particularly without a system that enables this to be done with relative ease. 

Benefits

State Benefits can be recorded as well as criminal injuries compensation and civil damages, plus other private income.

For each benefit received, a note of the payer is made, and the recipient, whether payment is mandated to a family member or other party, with the date of award and frequency of payments. 

Budgets 

The Budgets feature in Isokon enables you to predict monthly income and expenditure. Budget requirements can easily be forecast. The case can therefore be conducted in a planned, smooth and orderly manner. 

This is one of the features of Isokon Power of Attorney that enables lesser qualified members of the team to perform much of the case work - under the supervision of an attorney. 

Document and Reporting Information - Asset Summary 

Isokon for Power of Attorney includes a wealth of reporting options covering all aspects of the work. Reports can be easily customised (by you or the Isokon Support Team) whenever you require a report that is not provided as standard with the software. 

Document and Reporting Information - Tax Summary
 

The Income Tax Summary is one of many examples of the reporting features of Isokon Power of Attorney. The tax summary is output into an Excel spreadsheet. 

The time saved by the attorney and the team by this report is significant, and yet another factor to making Power of Attorney work a profitable contributor to the firm’s fee income. 

Accounting - Log of Assets Receipts and Payments
 

Automatic regular payments allow you to easily reconcile monthly bank statements with accounts managed for the client. The underlying double entry accounting system gives complete accuracy and control over finances.

 Please note that you are not required to understand double entry accounting to use this system. The underlying Isokon system will handle the double entry aspect for you.

Income and Expenditure Report  - Output to Excel

The software will register and track all assets and liabilities. It will also record income payments, and enable you to have complete control over the format of Income and Expenditure reports as well as other financial statements during the course of the matter.

Risk Management 01 - Balance Sheet: Instantly Viewable

Risk Management is a key feature of all legal work. Knowing that the financial information in a Power of Attorney case is accurate and correct is fundamental. A significant amount of time is saved - caused when the finances fail to balance.

Consequently, one of the key features in risk management is the Balance Sheet window, which can be viewed at any time during the course of the case, by the proverbial click of a button. It shows that the book is balanced. Result - happiness.

Isokon does this for you by its internal double entry accounting engine - without requiring you or any member of the Power of Attorney team to have any understanding of double entry accounting.

By performing this double entry background operation, Isokon contributes to the security of your system and to the risk management in the case.

Risk Management 02 - Report on Supervision Levels

Isokon for Power of Attorney includes a wealth of reporting options covering all aspects of the work. Reports can be easily customised (by you or the Isokon Support Team) whenever you require a report that is not provided as standard with the software.

A central Global Address Book enables rapid access to frequently used names and addresses of contacts and organisations. Names and addresses therefore only ever need to the inputted just once.

The report on the supervision levels is one of the most important in showing at a glance the status of all the cases handled by the firm.

Global Address Book: All Contacts and All Organisations

A central Global Address Book enables rapid access to frequently used names and addresses of contacts and organisations. Names and addresses therefore only ever need to the inputted just once.

 Event Management: Workflow of Events and Supervision of Tasks

Isokon for Power of Attorney is delivered with a pre-loaded workflow containing some 100+ tasks - most (if not all) of the tasks that you will need to perform during the course of this work.Using the Events Management system will enable you to manage and keep track of events using this feature.

The Event Management screen will show you a list of all tasks and events, both done and to be done. It will enable you to manage much of the case from this screen. The flexibility of this part of the system will also allow you to make notes of ad-hoc events, such as phone calls and visits to your client.

 A manager or attorney can also see instantly onscreen any work that has become overdue. Risks can in this way be further managed and minimised.

Forms: LPA and EPA

Isokon outputs the repetitive data held in the system. This data needs only to be input into Isokon once. It is then used on all subsequent occasions when any of the forms need to be generated.

LPA001 Notice of intention to apply for registration of a Lasting Power of Attorney
LPA002 Application for registration of a Lasting Power of Attorney
LPA008 Notice to the OPG of an application to object to registration of an LPA made to the Court of Protection
LPA114 Lasting Power of Attorney for Health and Welfare
LPA117 Lasting Power of Attorney for property and financial affairs
LPA120A Application for a fee exemption or remission
EP1G Notice of intention to apply for registration of an Enduring Power of Attorney
EP2G Application for registration of an Enduring Power of Attorney
Form A Authority to access the CFO account
Form L COP payment into the CFO
Form P Payment request – CFO
Form R Regular payment request