Vulnerable Persons Discretionary Trust

RobinHill

Not sure which MSE forum is best for this question but any help and direction appreciated ...

I'm in receipt of UC with LCWRA, enhanced PIP, and I own my own home. 

My partner would at some point like to sell her home, buy a share of my property and cohabit. She is my carer and in addition works 23 hours per week earning £13k per year. In doing so however I would lose my UC income.

We would be allowed to sell my property and use both proceeds to buy jointly and maintain a joint UC claim.

However would she be permitted to place her house sale proceeds into a vulnerable persons discretionary trust to which I would be the sole beneficiary, and I would grant her a commensurate share of my property.

Thank you.

huckster

These links may help you.

https://www.scope.org.uk/advice-and-support/leaving-money-to-disabled-person-in-will-trust/

https://www.litrg.org.uk/tax-guides/disabled-people-and-carers/trusts-disabled-people

Sounds like quite a lot of legal work required.   Don't know what you are planning to do, would avoid benefits being affected.

Buying a house to live in jointly would not affect benefits.  It is any money left over that would exceed benefit thresholds that would be the issue.