Trusts
Trusts have a role to play when assets need to be safeguarded or managed on behalf of one or more people (“beneficiaries”). This might be appropriate when:
- A particular beneficiary cannot or should not manage their own money (some learning disabled, ill, prone to bankruptcy)
- Beneficiaries are too young
- A particular asset needs to be preserved for a wide range of beneficiaries
We assist in the creation of trusts, and can also act as a trustee.
True story
Mr J is learning disabled. His family have created a trust which will receive monies as family members die. The trust enables Mr J to have “extras” bought for him whilst not disqualifying him from means-tested benefits.
Further information
Management Services
Power of attorney
Court of Protection
What will it cost?