TRUSTS FOR DISABLED INDIVIDUALS
When planning your Will, you may meet obstacles if someone you wish to provide for happens to be suffering from a disability. These obstacles can be varied and potentially cause problems in the long term.
With specialist advice, a disabled person's trust could provide a suitable solution. The trust can be created in your Will, with the individual as the primary beneficiary, addressing many of the problems that could arise if simplify gifted in your Will.
The tax treatment of a disabled person's trust is far more favourable than other trusts, however, as tax is a complex issue, much will depend on your individual circumstances. Our tax specialist will be able to advise you further.