Do I need deputyship for Finance?

[Lesley25]

I think I know the answer to this question but wanted to check with wise mumsnetters.

All my son has is his benefits, they come to me and I manage his outgoings.
He has no money coming to him on anyone’s death.

what are the advantages of a deputyship for finance?

I know you have to file annual accounts if you have a financial deputyship every year (that puts me off) and so I can’t see any advantage to having it in place.

thoughts?

If DS’s only income/capital is benefits, appointeeship will suffice. You don’t need deputyship.

Thanks @perpetualplatespinning

I only obtained health and welfare for my daughter as her only income is benefits.

Thanks @vjg13 i think I’ll do the same.

My DS has learning disabilities and autism.
He had a Child trust fund maturing when he became 18, the only way to obtain it, due to his lack of capacity, was to go down the Court of Protection route, no other way for it to be released.
we paid for solicitors to do the forms, it can be done by yourself, but I didn’t have the time - in retrospect it was quite a simple process, but cost us £1509.
So we have now set up bank accounts for him, had to register the deputyship with the bank first, and we had to register with the office of public guardian - £100 to register and £320 annually for them to monitor how we manage his money, and yes that’s by filling in an annual report and paying a £50 annual bond to ensure we don’t squander his money
If you can get away without going for deputyship, then I’d say don’t apply

Thats a lot more money then I initially thought just to maintain the obligations that deputyship entails. Thanks for the insight @SlipperySlope99