Hello
My soon to be 17 year old son gets PIP for mobility and care, both high rate. At the moment I am his appointee and look after his PIP. He has a bank account to spend any money he gets from birthdays etc, though needs my support to do so.
He has no idea about money, budgeting etc, and can only do very basic maths.
My question is, what happens when he turns 18? If he finds a job? He will just spend every penny he has without a second thought if I am unable to control his finances. It terrifies me that one day I will be gone and he will have not saved a penny, and we have very little family to rely on. He is due a trust fund from his fathers side of the family at 18- it’s around 20-30k.
I want him to be able to spend his wages etc, but he really won’t have the mental capacity to think to save or pay his phone bill for instance.
Do I just continue to be his appointee? Does that mean I can look after his trust fund? Certainly not trying to control/take his money, I just want him to be ok in the future.