Discretionary or vulnerable persons trust

steinson

I’m thinking of setting up a trust for my disabled daughter I want to be able to increase the amount in trust at a later date can I do this with a disabled or discretionary trust

xylophone

https://www.gov.uk/trusts-taxes/trusts-for-vulnerable-people


Take expert advice.

https://www.lawgazette.co.uk/legal-updates/disabled-peoples-trusts-and-inheritance/5042238.article

https://www.step.org/step-directory

https://www.mencap.org.uk/advice-and-support/services-you-can-count/wills-and-trusts-service

BucksLady

This is a complex area of the law and so it's essential to appoint the right people to guide you. My parents have established a Trust for my disabled sister and found Mencap a good source of advice and support .

steinson

Thanks I've got an appointment with them on Thursday will they explain the difference between the trusts

xylophone

Thanks I've got an appointment with them on Thursday will they explain the difference between the trusts

A Trust for a vulnerable person can be discretionary.

Your expert will explain.