Who Sets Up a Trust

stooklie

I am a carer for a disabled relative and looking to ensure he is financially looked after on my death. I have been advised the best way to do this is through a trust. 
Which professional would provide such a service. Solicitor, financial advisor, accountant?
Not really sure how to go about this and would appreciate any advice.
Thank you

eskbanker

It'll probably be best to discuss this with a solicitor, at least in the first instance - who was it who advised you that a trust would be needed?  It's not clear to me from what you've posted exactly what arrangement you envisage but someone will presumably need to be nominated as the trustee to manage the money (is this currently the relative's or yours?), as well as someone taking on the care responsibilities, so the future trustee ought to be part of the conversation.

Mark_d

Find a solicitor who can help with trusts/estate planning

https://solicitors.lawsociety.org.uk/

sheramber

Are you a relative of this person?

If not, do you have authority to set up a trust for his finances?

Albermarle

stooklie said:

I am a carer for a disabled relative and looking to ensure he is financially looked after on my death. I have been advised the best way to do this is through a trust. 
Which professional would provide such a service. Solicitor, financial advisor, accountant?
Not really sure how to go about this and would appreciate any advice.
Thank you

A trust is usually the best route if the disabled relative is unable to look after their own finances. In this case if the person meets certain criteria, there is a specific type of trust, that does not have as many complications or tax problems as many trusts have.
If the disabled person is able to manage their own finances, there is probably no need for a trust, which often bring their own issues.
So it depends on the nature and extent of the disability.
If you do need to set up a trust, you need a solicitor. It is possible to stipulate it in your will, or you can set one up whilst you are still alive. 

stooklie

Thank you all for your comments