Parent and Carer toolkit -Making Finance Decisions for Young People
This toolkit was published by Ministry of Justice which provides a guide for parents and carers to make financial decisions for a young person who lacks mental capacity.
The toolkit aims to help you understand:
- What lacking mental capacity means and the decision-making principles
- The changes to decision-making responsibility when a child reaches adulthood
- The relevant route for you to make financial decisions on behalf of a young person, including how to access a Child Trust Fund
- If the young person is under the age of 18, how to prepare to make financial decisions when they reach adulthood