Disabled Persons and Vulnerable Persons Trust
At Paradigm Legal Services, we can set up a trust to safeguard the financial future of your disabled children or people in your life, with their best interests at heart. This includes both disabled persons trust and vulnerable persons trust arrangements.
What are the benefits of a Disabled Person’s Trust?
Their benefits will be unaffected.
Secure a good quality of life for your child.
Although your chosen beneficiary does not receive the inheritance outright, money or other assets left in the trust will help to maintain your child’s future quality of life. Without the trust, their allowance could be seized, and their assets taken by the local authorities to pay for benefits. Instead, the DPT gives your appointed trustees the responsibility of distributing your assets. With a letter of your wishes, your trustees can manage how the income in the trust fund is used, including when and how much funds they distribute to the child. Ultimately, the DPT offers you peace of mind that your trusted person will look after your child after your passing.
Favourable tax treatment.
If the DPT meets certain prescribed conditions, the disabled person could be excluded from incurring inheritance tax, income tax and capital gains tax charges that would otherwise have to be paid. For disabled persons above 65 (state pension age), an ‘attendance allowance’ can be a benefit.
With our continued support, we free you from the burden of worry and provide you with peace of mind that your assets will be inherited by your loved ones when you are no longer here.
At Paradigm Wills and Legal Services, we genuinely care about educating people on the importance of making a lasting power of attorney in Leicester. In an industry often loaded with complex legal jargon and a conveyor-belt mentality, we provide a paradigm shift in how we offer our wills services. We aim to supply fresh ideas, clear and straightforward explanations, and a service tailored specifically to you. With you at the centre, we strive to make the will writing process as transparent as possible.
Contacting us is free. Have a consultation or a home visit with one of our experts and discuss your options with no obligation.
Our team of seasoned legal advisors is always available to offer comprehensive support and expert advice. Whether you're looking to draft a will, establish a trust, navigate the complexities of applying for probate, or arrange for prepaid funeral plans, we've got you covered. Our goal is to simplify these processes for you, ensuring clarity and peace of mind every step of the way.
Get in touch
Feel free to discuss your options first with our team of will writers in Leicester. Simply fill out the form, and we will promptly reach out and assist with everything you need to get started.
Protective Property Trust
Are you a joint homeowner? Do you have concerns about who will inherit your share of the residence? Find out more about protecting yourself, your partner, and your estate.
Flexible Life Interest Trust
Do you want to ensure that your surviving spouse will have an income for the rest of their life? Find out more about how to provide for your partner with income from the trust and avoid inheritance tax.
Asset Protection Trusts
Do you want to ensure that all your assets will ultimately pass to your children? Find out more about creating a living trust that allows you to transfer your assets or property immediately.
Discretionary Trust
Are you concerned about the potential misuse of your assets? Find out more here about creating a trust which gives you control over when and how much your beneficiaries inherit.