Worked examples
We have provided three case studies and worked examples of the inventory, management plan and annual account to help outline the type of information we need you to tell us about. While every case is different and will have specific circumstances, we have selected three cases which guardians may identify with.
John Ash case study 1 - estate under £30,000
Steven and Susan Ash are financial guardians for their son John. Although they have cared for John for his whole life, they applied to become financial guardians when John turned 18. John lives at home with his parents and receives support from care services weekly.
John gets Adult Disability Payment (ADP) and universal credit (UC). They are in contact with the local authority to discuss John’s eligibility to receive Self Directly Support (SDS). Although SDS is not supervised by the OPG and the income from this should be paid into another bank account, we should still be advised of this additional income.
The amount of income John receives does not cover all his expenditure, such as holiday and gifts so his guardians subsidise this. The ADP and UC are paid into John’s bank account. These funds are used by the financial guardians to pay for his day-to-day living expenses.
- Inventory of estate
- Management plan
- Simplified account - As John has a little income, the financial guardians have been asked to complete a simplified account form and to supply supporting information.
Michael Beech case study 2 - estate over £30,000
Tom is financial guardian for his father Michael Beech. Michael lives in a care home, and the local authority has financially assessed him as fully self-funding. Michael has heritable property i.e. he still owns his own home, and he has bank accounts with the Bank of Scotland and Nationwide. He receives a private pension and his state pension from Department of Work in Pensions (DWP). He has no other assets.
John’s expenses are more than his income due to care fees, the funds in John’s bank account will have to be used to cover these costs.
- Inventory of estate
- Management plan
- Standard account - During the accounting period the guardian sold the heritable property as the funds were needed to pay for Care home fees. The financial guardian has been asked to submit a standard account form and supporting information.
Pat Cedar case study 3 - estate over £30,000
Scott Cedar is guardian for his mother Pat Cedar. Although Pat has heritable property she lives in residential care. She has £45,000.00 of outstanding care home fees which must be paid. Pat has several bank accounts and a large investment portfolio, which she receives and income from, she also receives Department of Work in Pensions (DWP) state pension, Social Security Scotland (SSS) Adult disability payment and a private pension.
- Inventory of estate
- Management plan
- Annual account - During the accounting period the guardian rented out the heritable property belonging to Pat to generate some income. He also bought and sold various investments during this period. He has been requested to submit a standard account form along with supporting information.