Trust Fund for elderly mentally handicapped brother?

998

Our brother, named as a beneficiary in our late mothers will, that states a small amount of money is to be established as a trust fund. But … No company seems to offer anything other than a trust fund for a child. Various building societies and banks seem to have withdrawn from offering such arrangements recently. We tried going through Mencap, the charity, to find out if they had any recommendations. Tried the lawyers who are dealing with the estate and will. Nothing. Does anyone have any experience or recommended companies that offer a Trust fund for an amount in the region £10k for a mentally handicapped person over 50 years old?

Keep_pedalling

Trusts for relatively small amounts can be tricky, might be worth speaking to Mencap.

998

Thanks. We tried Mencap, unfortunately they just pointed us at their website and had no useful advice. Maybe we were unlucky and will try another person on their help desk. 

xylophone

Skipton BS might help as might NS&I.

TheWoodler

Here’s the details on NS&I - I was looking at accounts today in the light of their new releases, some of which can be opened in trust:

https://www.nsandi.com/help/manage-money-for-others/manage-saving-for-adult

Eligible accounts: 

https://www.nsandi-adviser.com/trusts 

998

Thank you TheWoodler. Exploring NS&I now and will report back once we get through the process.