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

Click here for the toolkit.