Financial management plan guidelines
You can decide not to use this format if you have a more complex arrangement or plan to present. Individuals, trustee companies and professionals can elect to give QCAT a separate plan as an attachment to this form.
Information to include
The financial management plan should list a wide variety of financial information and how it will be used to maximise the benefits for the adult.
It should include:
- details of income and sources of income
- details of the assets and where they are situated
- debts and when they are due
- bank account details
- any professionals needed to help manage the financial affairs for example, an accountant or lawyer
- a budget for example, board and lodging, clothing, money for the person’s personal needs, pharmaceutical needs, optical expenses, medical expenses, hospital fees, nursing home fees, dental expenses, etc
- what will happen to the adult’s house
- all income and expenditure records
- investments you need to make and investments you need to keep track of
- any proposed gifts for example, birthday and Christmas presents
- money to be spent for maintenance of the adult’s family
- legal matters relating to the adult’s financial or property matters and how you propose to address these
- any additional information relevant to the person’s financial and legal affairs.
You can also include any other relevant details of the person’s financial matters, life circumstances and future considerations.
Professional help
If you are not sure about any steps in the procedure or how to answer any of the questions you can contact the QCAT registry or seek the advice of a professional such as an accountant, lawyer or financial planner.
Any description of QCAT's jurisdiction on this website is general information only and is not intended to precisely define the types of applications that QCAT has the power to decide. QCAT's jurisdiction is determined by the relevant legislation. If you are unsure about your legal rights you should seek legal advice. Any actions taken to resolve your dispute should be determined by your individual circumstances.