Aeran recently played a pivotal role in empowering a young woman to prove her financial capacity, leading to her emancipation from protective systems in two different States.
Alice (pseudonym) was deemed to lack capacity at the age of 18. An expert report noted her limited experience in handling substantial sums and recommended financial education, potentially through part-time courses, to build her money management skills.
Engaged to provide financial advice to her tribunal-appointed administrator, an elderly relative who had been her lifelong support, we helped Alice to buy her own home and secure a stable income source.
Over the next few years, we worked with Alice, her administrator, legal representatives from the public trustee in one State, and the Civil and Administrative Tribunal in another, guiding her towards financial independence.
Helping this resilient young mother take charge of her financial future has been a joy!
Navigating situations of borderline capacity at 18 can be a challenge for all involved, especially when medical assessments fail to provide a clear path forward.
Involving a financial adviser in financial management can greatly assist the transition to financial independence.