Specialist Wills for those with disabled beneficiaries
If you are making a will and wish to leave money, you will want to ensure that the money gives the help intended and is not vulnerable to pressures from third parties.
Unfortunately this can be difficult when the beneficiary has a disability or is vulnerable person that means the person is not physically or legally able to make appropriate financial decisions. Careful planning before your death can pay great dividends and allow your wishes to be achieved.
What help and advice can Wrigleys offer?
Wrigleys can assist to ensure that the money in the Will:
Helps the person in the way intended;
Can be administered for the beneficiary lawfully and appropriately;
Is not vulnerable to pressure from third parties such as other family members; and
Results in financial benefit for the person and does not result in benefits or means tested care being withdrawn.
Wrigleys can help by:
Advising on an appropriate structure, usually a trust, to help avoid the pitfalls above;
Acting as a professional trustee or supporting your chosen trustees; and
Advising on the tax accounts and other regulatory aspects of the trust, including protecting the amounts and other benefits from demands related to community care.
‘Lynne Bradey is very knowledgeable, very diligent, very efficient. For us as financial planners what stands out is her ability to work well with other professionals. Lynne understands extremely well and values highly how financial planning and investment management dovetails with her role’.
‘Jane Netting has clear expertise in this field. She makes herself available to discuss matters, with a clear focus on the best interest of the incapacitated person. She is pragmatic, evidently happy to explore matters with the Official Solicitor and her drafting is clear and precise’.
Legal 500 (2023)