Vulnerable Beneficiary Trusts

If you wish to benefit a vulnerable or disabled person, you may be concerned about how those funds should be handled. If funds were to pass directly into the individual’s estate, they may not be able to administer such sums adequately. Their increase in wealth may also have a detrimental impact on eligibility for any means-tested benefits, or be consumed by care costs.

In these situations, an appropriate trust mechanism is essential to assist the vulnerable beneficiary. A specific type of trust exists to do so with specific tax advantages favouring such beneficiaries. This means that the usual tax charges applied to trust administrations do not apply to these types of trust.

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