Legal Expertise

Setting up a trust fund for a child with a disability

A major concern for any parent of a child with a disability is who will provide the child with care and support when the parent dies?

One of the things that you can do to help ensure that your children have the appropriate care is to make appropriate financial provision combined with flexible instructions which can be adapted as your child's needs change.

This is particularly important if your child's disability means that they will be unable to live independently when you die, or if you are concerned that they are vulnerable or might find it difficult to manage their own finances.

An effective step you can take is to ensure that you make a Will creating a flexible trust fund on your death. This fund is overseen by people you trust and who understand the specific needs of your child. These 'Trustees' can make the appropriate decisions for your child's care, based on wishes expressed by you during your lifetime.

Trustees can generally be anyone over 18 who have your child's interests at heart. They manage the financial side of things on behalf of your child and ensure that the money you leave is used wisely and in accordance with your wishes.

Each trust is tailored specifically to the needs of your child and it is important to seek the advice of a professional. At Poole Townsend we understand that, when caring for a disabled person, a home visit may be preferable. If you wish to discuss any of these issues with a solicitor then please ring Kelly Hill on 402241 who will be happy to refer you to a Wills specialist.