Appointees

Jane26J

I am an appointee for my child, I have a bank account for them but in my name, as appointee. What happens if I die, can I request that another family member has access to this account/becoming their appointee? I have looked into Deputyship but it is so expensive I’m not in a position to apply for this at present.

Mary_Scope

Hi @Jane26J and a warm welcome to the community from me!

When you die, the DWP must be notified as soon as possible and then another family member can become a new appointee, here is some more information on what happens when an appointee passes away that I hope will be helpful😊

Kimi87

The bank account would be closed upon your death and the money would form part of your estate.

You should also make a will specifying that a sum of money equalling the closing balance is to be given to the new appointee for the use of your child.

Jane26J

many thanks to you both, that’s very helpful.

Wind

Do a power of atterney for you in health and finace + make a willand set up a trust for your child .