Financial deputyship

[Balamorym]

Regarding taking on deputyship of financial and property for your adult child. Is it burdensome with the accounting involved?

[BlueSky444]

In our son’s case it’s been relatively straightforward but it will depend on individual circumstances. We had a couple of telephone calls with the Office of the Public Guardian at the start but these were fairly light touch. We just keep a record of all our son’s incomings and outgoings and the reason for each, especially if it is a high cost amount. The Office of the Public Guardian asks us to fill a report in once a year which is just a series of questions to answer. Hope this helps.

[MontyCat]

I concur with what BlueSky444 says - this is very much my experience also. I tend to keep quite detailed records, and receipts, in case of any query but actually the annual report has been simplified from what it was the first time I reported , and is pretty light touch now. I think whether or not you feel it is burdensome depends largely on your experience and confidence with accounting. It isn't difficult, but if not familiar territory I guess it could be a bit stressful. The OPG are there to help with any issues or queries. Good luck!