Setting up a Disabled Trust Nottingham
A Disabled Trust offers a solution to meet the needs of someone who is the beneficiary of funds, but also enjoys a regular state benefit for the disability that he or she may have.
Very often due to the disability there has been a means test that ascertains how much the person should receive in the way of benefit on a regular basis.
Call us on 0800 689 0923
If you are looking to set up a Disabled Trust, we cover across Nottingham, Derby, Sheffield, the Midlands, the South and beyond – get in touch for advice.Important:Should you wish to leave this disabled person a legacy in the way of a cash gift, then on your demise the sum of money received by the Beneficiary could affect the state benefit and even reduce this to nil having a negative result in leaving the gift in the first place.
We offer a free, no obligation consultation at a time to suit you, to discuss your needs.
Request a callback with our form below.
One solution is to leave the legacy to a Trust fund with appointed Trustees then depending on the terms of the Trust and the letter of wishes decided by you.
The Trustees are able to pay various amounts of money out of the Trust for the benefit of the intended disabled person, without affecting his state benefits.
There are rules governing the running of the Trust, however if managed correctly this will work really well for the intended beneficiary, that is why the choice of Trustees is a very important decision.
We can help you decide the best way to set up the Trust and give you the peace of mind knowing that you have provided for a disabled person without it affecting his or her regular state benefits that they receive.
Types of Disabled Trusts
You can set up a Disabled Trust and include this in your Will or you can choose to set up a Disabled Trust outside of your Will to commence immediately.
We are able to explain the different outcomes to these two scenarios and the impact on the disabled person.
We can explain any implications and the impact on any state benefits received. Disabled Trusts are treated favourably by the HMRC.
We will ensure that you you fully understand everything, and if you have any question, we are more than happy to help. During the process we will go through all the necessary paperwork and will be on hand to assist you with any related forms or documents.
Who qualifies as a vulnerable beneficiary?
A vulnerable beneficiary is either someone under 18 whose parent has died or a disabled person who is eligible for any of the following benefits (even if they do not receive them):
- Attendance Allowance
(either the care component at the middle or highest rate, or the mobility component at the highest rate)
- Personal Independence Allowance
- an increased disablement pension
- Constant Attendance Allowance
- Armed Forces Independence Payment
A vulnerable beneficiary can also be someone who is unable to manage their own affairs because of a mental health condition – check with a medical professional that it’s covered by the Mental Health Act 1983. [Gov.uk]
Keith Hawley – This service was a gem we did everything on line fast and trouble free everything in plain English easy to understand the introduction booklet Nigel has produced was most helpful especially the information about Lasting Power Of Attorney saved me a fortune.
Nisita Vadher – We found NJ legal services online when we were searching for a solicitor to write out a will for my parents. I received a call back within a couple of hours of requesting this service. Nigel was incredibly helpful and explained the procedure in great detail. We were unsure of how this process worked and he had made sure to break down the process for us making it very simple and easy to understand. All of our questions were answered for us and the process took no longer than 1 hour! We are incredibly happy with the service that we have received and will definitely be recommending NJ Legal services to all our family and friends. Thank you very much Nigel.
Mrs V Billing – Nigel Johnson is the most professional and helpful friendly solicitor I have ever had the privilege too speak with. We have been in contact by phone and letters over the last few weeks sorting out my husband and my wills etc. If you have any queries he is just a phone call away and has a lot of patience, explaining things thoroughly. Excellent service highly recommended.
Sharon – Nigel is very knowledgeable and helpful, nothing is too much trouble and we even had advice after office hours! I have no hesitation in recommending NJ Legal Services and will use them again in the future.
Graeme Tanner – Excellent service, friendly, professional and prompt, don’t hesitate to use nigel and his team.
Iris Wheeldon – Nigel visited us at home to arrange a number of matters, more so our Powers of Attorney. Nigel explained everything in a really clear manner and checked our understanding throughout the meeting. When Nigel had left I felt like a weight had lifted! I can’t thank him enough. A lovely gentleman offering a very important service. I would strongly recommend Nigel to anyone needing help in planning their estate.
See all our reviews.