What happens when you want to leave an inheritance to a loved one who may face challenges in managing finances? We dive deep into the crucial topic of estate planning for individuals with vulnerable beneficiaries.
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Key Points Covered:
Understanding the concept of vulnerable beneficiary trusts (also can be referred to as vulnerable persons trusts, disabled person's trust, first party special needs trust or third party special needs trust)
How to safeguard your vulnerable beneficiary's assets
The role of Trustees in managing the Trust
Benefits of a vulnerable beneficiary trusts, including protecting means-tested benefits
Qualifications for vulnerable beneficiary trusts
Why Consider vulnerable persons trusts ?
Especially designed for those with disabilities or vulnerabilities, this trust ensures that your loved one's inheritance is protected from potential misuse or loss. Learn how setting up a Vulnerable Person's Trust can make a significant difference in securing your child's financial future.
Who Qualifies for a disabled person's trust?
Get acquainted with the eligibility criteria for this specialised trust, designed for vulnerable or disabled beneficiaries. Whether under 18, facing learning difficulties, or eligible for specific allowances, find out how your loved one could benefit from a first party special needs trust or third party special needs trust.
Connect with Our Experts
If you resonate with the importance of a Vulnerable Person's Trust for your situation, don't hesitate to reach out! Our team of experts is ready for a no-obligation discussion to guide you through the ins-and-outs of estate planning tailored to your needs.
Contact Us Today
Tel – 0333 034 1460
Email – hello@vitaldocuments.co.uk
Website - [ Ссылка ]
Read more about a vulnerable person's trust in out blog article here [ Ссылка ]
You can find out about the Mental Health Act 1983 on the governments site here [ Ссылка ]
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Video Chapters
0:00 – Intro
0:25 - What exactly are my assets
0:56 - What are vulnerable persons trusts
1:28 - Who is classed as a vulnerable person
2:15 - How a vulnerable persons trust protects them
2:41 - How Vital can help you and our contact details
