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A Trust can provide financial stability for a disabled or vulnerable person throughout their lifetime, bringing enormous comfort to the person’s parents and wider family.
Creating a Trust allows you to provide for your loved without making a gift directly to them by placing your assets under the control of Trustees. This protects any means-tested benefits the person may have (now or in the future) and protects your child from having to make difficult decisions for themselves because the Trustees are in control of how the Trust is used.
There are two main options – a Discretionary Trust and a Disabled Person’s Trust – and our expert team can advise on the right option for you. This will depend on your own personal circumstances and factors such as the degree of flexibility needed and the value and nature of the assets being placed in the Trust will all be key factors.
Trusts for disabled and vulnerable people is a highly specialist area of law. Our team includes award-winning lawyers who can advise you on your options and set up the Trust. We can also provide guidance and support once the Trust is created, including acting as professional Trustees or co-Trustees and the ongoing administration of the Trust.