Trusts (Discretionary)

Many families worry about how a loved one will manage financially when their parents are no longer around.  A discretionary trust may be the answer.

 A discretionary trust allows you to make financial provision in a way that does not affect means-tested benefits or entitlements.  A trust fund can be used to pay for extra things that make life happier, like holidays, social activities, new furniture or new clothes.  The fund can also top-up rent or pay for additional support.  The trustee, who looks after the trust fund, receives a request, considers it, and if it is approved payment is made.  The fund is managed to last the whole of the beneficiary’s life so there is always a cushion to help.

 To find out more please contact Mencap Trust Company.