Guide by Caroline Bielanska, Solicitor, TEP, Trainer & Author.
The Mental Capacity Act (MCA) applies to anyone aged 16 and over, who may become unable, or are unable, to make certain decisions in their lives, including decisions about their finances, health and welfare.
When a young person reaches the age of 16 they are seen as able to make their own decisions under the MCA, unless an assessment is completed and the associated evidence deems otherwise, for specific decisions.
This applies even when the young person, reaching adulthood, remains in the care of their parents, and there is also no assumption that a person is unable to make a decision, simply because they have a condition or disability that may affect their decision-making.
About this guide
This guide explains the processes involved when it comes to managing a young person’s money, and why parents are unable to automatically take control of that young person’s money at certain stages in their life.
Who this guide is for
This guide is for the parents or carers of young people who may not be able to make their own financial decisions, and who may require assistance with the processes involved in managing a young person’s money.