Is there anywhere you know whhere I can find general advice on providing for a potential beneficiary with some serious mental health problems, and who will not be able to handle a fairly large sum of money from the parent's estate in a safe fashion.
We want to ask the right and appropriate questions. A solicitor will need to draw up any required papers.
Thankyou.
Questions And Answers
Wills & mental health question
asked by
Safron12
posted 3 Years ago at 20:31
1-1 of 1 Answers
Stephen Pett answered 3 Years ago at 13:11, last modified: 2 Years ago at 14:56
The case is simple for a professional will writer or solicitor specialising in will (most don't).All you need to do is
1) decide on appropriate Trustees for the Trust fund, some of whom should be young enough to be expected to outlive the beneficiary.
2) Where do you want the fund to go when the person dies? (Potential beneficiaries in the jargon)
3) Can it be demonstrated that the beneficiary is bad enough for the special tax treatment of a disabled persons fund?
It is not something that most solicitors have ever done (and watch out for them wanting to get on the gravy train as a Trustee!) or indeed professional Will Writers, so talk to them carefully before committing.
Stephen Pett
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