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1258399
star this property registered interest false more like this
star this property date less than 2020-12-03more like thismore than 2020-12-03
star this property answering body
Ministry of Justice more like this
star this property answering dept id 54 more like this
star this property answering dept short name Justice remove filter
star this property answering dept sort name Justice more like this
unstar this property hansard heading Child Trust Fund more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what information, advice and support they plan to offer to families in which a child is unable to manage the funds in their Child Trust Fund when they reach the age of 18. more like this
star this property tabling member printed
Lord Wigley remove filter
star this property uin HL11108 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>To obtain the legal authority to make decisions about a Child Trust Fund on behalf of a young person who lacks the mental capacity to do so for themselves, parents and guardians need to apply to the Court of Protection for an order of the court or register a Lasting Power of Attorney. This is set out in the Mental Capacity Act 2005 to protect vulnerable people.</p><p>We are working with financial institutions to raise awareness of these processes. They have agreed to provide information on these processes shortly after the account holder’s 16th birthday and again, when the account nears maturity.</p><p>For parents and guardians that may need to apply to the Court of Protection, they can ask for court fees to be waived when seeking access to a Child Trust Fund. Guidance for applicants has been updated to reflect this.</p><p>Should court applicants encounter any difficulties whilst completing Court of Protection application forms, they can contact the Court of Protection to request assistance. Contact details can be found here: <a href="https://www.gov.uk/courts-tribunals/court-of-protection" target="_blank">https://www.gov.uk/courts-tribunals/court-of-protection</a></p><p>We are also setting up a working group to consider how the Court of Protection application process can be simplified to reduce the burden placed upon the parents and guardians of disabled children.</p>
star this property answering member printed Baroness Scott of Bybrook more like this
star this property question first answered
less than 2020-12-16T12:21:01.57Zmore like thismore than 2020-12-16T12:21:01.57Z
star this property answering member
4553
unstar this property label Biography information for Baroness Scott of Bybrook more like this
star this property tabling member
547
star this property label Biography information for Lord Wigley more like this
1258398
star this property registered interest false more like this
star this property date less than 2020-12-03more like thismore than 2020-12-03
star this property answering body
Ministry of Justice more like this
star this property answering dept id 54 more like this
star this property answering dept short name Justice remove filter
star this property answering dept sort name Justice more like this
unstar this property hansard heading Child Trust Fund more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made, if any, of the number of families in which a child may be unable to manage funds from their Child Trust Fund when they reach the age of 18. more like this
star this property tabling member printed
Lord Wigley remove filter
star this property uin HL11107 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>We do not have accurate figures to show how many young people who wish to access a Child Trust Fund at age 18 may lack the mental capacity to make financial decisions for themselves.</p><p>The MENCAP website states that approximately 2.5% of children in the UK are believed to have a learning disability and consequently we estimate that there may be between 1 and 2% of Child Trust Funds where the account holder may lack capacity to make financial decisions at age 18. This equates to between 63,000 and 126,000 accounts but is a very rough estimate.</p> more like this
star this property answering member printed Baroness Scott of Bybrook more like this
star this property question first answered
less than 2020-12-16T12:20:18.683Zmore like thismore than 2020-12-16T12:20:18.683Z
star this property answering member
4553
unstar this property label Biography information for Baroness Scott of Bybrook more like this
star this property tabling member
547
star this property label Biography information for Lord Wigley more like this