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thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

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What are disabled trusts?

There are a number of different types of trust. Put simply, a trust is a parcel of assets (such as cash, property, or possessions such as antiques or other valuables). A donor (perhaps a parent or relative) places the assets they wish to give into a trust fund to be used on behalf of one or more particular beneficiaries. The trust and any income it generates are then managed by trustees. Disabled Trusts (sometimes referred to as ‘disability trusts’) are designed especially to help vulnerable and disabled beneficiaries. With our specialist expertise in working with and for those with special needs of many kinds, the Wrigleys team has a wealth of experience in creating disabled trusts that will support and provide for your loved ones after your death. Because disabled trusts (or ‘trusts for vulnerable beneficiaries’) usually attract special tax treatments, they are also a valuable way of ensuring the maximum benefit to your beneficiaries.

Timely advice

If you are interested in setting up a disabled trust for a loved one, then it’s wise to talk to our experts sooner rather than later. To maximise the benefits, time is of the essence in organising a disabled trust, as the means-testing advantages will only apply to those trusts which are established before the benefactor’s death. Too many people find out too late (after a parent, carer or other benefactor has died) that a trust would have been the ideal means of making the best possible provision for a disabled or vulnerable person’s continuing needs. Indeed, it’s possible that a disabled person can actually end up worse off if they inherit without the protection of a well-crafted disabled trust.

In safe hands

In the hands of Wrigleys’ specialists, however, establishing and running a disabled trust is no problem at all. We can manage every aspect, including acting as court-appointed ‘Deputy’ to make sure that the trust generates the best possible results for someone who is unable to manage their own affairs and needs.

Find out more today. Call our helpful experts on 0114 267 5588 and let’s talk.

Wrigleys' prominent private client department grows with two solicitors who have a wealth of experience in the private client sector

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A dispute between a 74 year old farmer and the Church of England has highlighted the benefits of voluntarily registering land at the Land Registry.

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Converting your charitable company to a CIO

What are the possible pros and cons of using the new process to convert your charitable company to a CIO?

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Employment Law Update for Charities 2018

Date: 26 Jun 2018

Venue: Hilton Leeds City, Neville Street, Leeds

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Employment Breakfast Briefing - 7 August 2018

Date: 07 Aug 2018

Venue: Radisson Blu, Leeds

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Employment Breakfast Briefing - 16 October 2018

Date: 16 Oct 2018

Venue:

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