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Disabled Trust

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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.

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.

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.