Hi, my 25yo son who has a variety of MH challenges has asked me to become his financial appointee. He’s not able to manage his money and has made several rash/impulsive decisions resulting in him being in an amount of debt.
Of course I’m willing in principle. I do feel a bit clueless though.
Is it better to set up a separate bank account for this to keep his and my affairs totally separate? Or should I talk to his bank about what’s needed?
Are there any gotchas/things to be aware of?
And if his UC/PIP is paid “directly to me” as gov.uk suggests does that then count as income with regard to carers allowance? He does get >4pts on some PIP criteria so won’t be affected by the upcoming changes.
Sorry for the jumble, it’s reflective of my state of mind at the minute!
With many thanks for any advice anyone can offer
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