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Managing your child's finances

NAS88102

Hi I would appreciate some advice please and would like to know how others' have managed this.

My son has severe learning difficulties as well as autism and cannot manage his own affairs. As his mum I am his appointee and have a separate bank account just for his money but it's still in my name. All the benefit agencies and the council have accepted this.

I am aware that I need to set up a new account for him so that his money will still be accessible after I die. Any suggestions on the best way to do this would be welcome.

Thanks

Parents

  • Have you been through the Court of Protection or was the appointee just for the council and benefits?  I suggest you contact a solicitor for advice. Your son will need someone to look after his care after your death, not just his finances. An order from the Court of Protection should cover everything.  A solicitor can also advise on trusteeship if you are planning to leave him anything in your will.You might want to look at your will at the same time.

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  • Have you been through the Court of Protection or was the appointee just for the council and benefits?  I suggest you contact a solicitor for advice. Your son will need someone to look after his care after your death, not just his finances. An order from the Court of Protection should cover everything.  A solicitor can also advise on trusteeship if you are planning to leave him anything in your will.You might want to look at your will at the same time.

Children
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