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adult son's money

Suzy

Hi

 Im new to forums and have joined to see if anyone else has the same dilemma as me. I'm  mum to 19 year old Joshua who  has autism. Joshua  is relatively high functioning, is being supported by mencap in unpaid employment with a local charitable organisation, he is unlikely to be able to work without some kind of support,  it's a fantastic placement. I hadn't arranged for Joshua to claim any benefits until recently, his ESA and DLA has now  come through and he receives more money than I expected. I planned for Joshua  to save this money for his future, but note that ESA will be stopped if he has savings over a certain amount. This money willl mount up quickly so  I dont know what to do. Anyone had similar dilemma?

Suzy

Parents

  • this is great advice, I like the idea of dividing up the money as you describe. I'll also try to track down the book. It's out of stock on the link. I need to look into trust funds, I had considered setting up an account in my name for him but that didnt seem quite right. Many thanks

Reply

  • this is great advice, I like the idea of dividing up the money as you describe. I'll also try to track down the book. It's out of stock on the link. I need to look into trust funds, I had considered setting up an account in my name for him but that didnt seem quite right. Many thanks

Children
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