 |
 |
|
Discretionary Trusts A Discretionary Trust enables part of an estate, principally property or investments, to be put into trust on behalf of the beneficiaries. The trust acts as though the assets were owned by the trustees who can pay out income or capital to classes of beneficiaries at their discretion, although beneficiaries can be nominated by the settlor (the person/s arranging the trust). Disabled Discretionary Trusts/Long term care manager We do not plan to be the victims of an accident or a serious illness, or be born with one. Neither do we think about our day-to-day needs should any of these issues arise, but any of these cases can result in us requiring long term care, depending on the severity and if there are family members who can act as carers. Family members may be able to care for us short term but what happens when they can't; they either become ill themselves or even die. Many parents with disabled children for example may wish to make provision for continuation of care by leaving a legacy to the disabled person to pay for the long term care which is needed after they have died. In
many cases the state or local authority will only pay for a certain
level of care if a disabled person as substantial assets of their
own, and if they have they will be expected to contribute or even
pay all the care costs themselves. For more information and a FREE, No Obligation consultation, just go straight to the contact page or call us NOW on 01522 500823 - DON'T PUT IT OFF ANY LONGER! or complete our enquiry form |
