- Standard Single Wills For One Person
- Standard Mirror Will For A Couple
- Storage Of Wills
- Advanced Medical Directive Or Living Will
- Pre-arranged Funerals
- Asset Preservation Trust
- Disabled Beneficiary Trust
- Trusts To Protect Property
- Children's Protective Trusts
- Lasting Powers Of Attorney
- Some Interesting Facts About Wills
Disabled Beneficiary Trust
When clients have a beneficiary who is mentally or physically disabled there is often a dilemma as to how much to leave to them and who will handle the funds. This can be complicated further by other potential beneficiaries having competing interests.
We must advise clients that they should leave adequate financial provision for a disabled beneficiary or have their estate suffer a potential claim made under the provisions of the Inheritance (Provision for Family and Dependants) Act 1975. The result of such a claim could be the court awarding payment to be made to the beneficiary (often under the protection of the Court of Protection) for their benefit.
Another concern faced by clients is that if they leave funds directly to the disabled beneficiary, such funds will be used to pay for the cost of the persons care, and/or deny the beneficiary certain DHSS benefits.
To solve such issues Goodwills Legal Services Ltd have trusts designed to protect your family wealth from being used to pay for the cost of care, but which will allow payments of income and/or capital to be made for the benefit of the disabled person. These payments may improve the person's lifestyle in whatever way the trustees think fit.
Our trusts make use of the tax advantages provided by the Inland Revenue to trustees of trusts for Vulnerable Persons.