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Protecting vulnerable beneficiaries Unhappy vulnerable beneficiary This option can cause family issues with with discretionary will trusts Following on from last month, I will now outline how a discretionary trust in your will can protect vulnerable beneficiaries. (This also applies for protecting divorcing beneficiaries).
the vulnerable beneficiary feeling left out. Instead, you could leave all of your estate into the trust. You could then ask the trustees in a side letter to give the other children their shares from the trust, but to look after the vulnerable child`s share. This can help prevent family upset as the will is seen to treat all of the beneficiaries in a similar way in the will.
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If you have, say, three children and one has issues (eg poor with money, medical or other issues), a discretionary will trust enables you colourmebeautiful to provide for them, but also ensure they the image consultants do not receive the money direct. If they did, Colour & Style Analysis, Cosmetics, they could be vulnerable from third parties Using a discretionary trust in a carefully and Make-up Lessons, Gift Vouchers, Parties or themselves. They would also risk losing professionally planned will offers a flexible, any means tested benefits. Kimberley Blackham but safe, way of both providing for, and 07932 786 010 protecting, vulnerable beneficiaries. How can I protect against this? You could leave 2/3 of your estate to your other 2 children in your will. The other If you have any questions, or would like to Grass Cutting Service 1/3 could go into a discretionary trust for discuss matters, please contact me on iain@ Regular or one off cuts the child with issues. The trustees would wanstallconsulting.co.uk or 01296 415700 For free quote call Ian Whittome www.wanstallconsulting.co.uk. See look after the money for him/her when or 01296 682361 they remain vulnerable. The money would advert page 11. 07885 031431 therefore not belong to the child, protecting “Keep busy, keep well and keep smiling”! them from the risks outlined above.
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Wendover News November 2020
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