It is very common for family members to be vulnerable in some way. This might be through disability, addiction, money problems or just general fecklessness. In these situations there is a pressing need for help but a concern that an unqualified financial provision will be squandered or wasted and may in some cases do real harm.
This is an area where trusts really come into their own and give a very effective solution. Essentially money held on a discretionary trust or disabled person’s trust is available for a vulnerable person but never part of their assets. It does not therefore affect benefits and is not available to creditors. In this way the trust can be used for the very real benefit of the vulnerable person and you can be sure you are making a real difference.