If you have disabled or vulnerable beneficiaries and you are thinking about setting up your Will, there are a few things you need to think about. It may be possible to create a Disabled Will Trust, which is a type of trust where a third party manages assets on behalf of the beneficiaries. One of the benefits of setting up this type of trust is that it provides substantial tax advantages.
If you would like to know more about this type of trust, including what you need to consider, when it is applied for and what to think about when nominating trustees, watch this 10 minute video from Independent Financial Adviser, Richard Higgs.
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