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5 years 3 months ago #224500 by Tricia
Trusts was created by Tricia
We are currently updating our wills leaving everything to our two sons One of them receives income related ESA and DLA and we are planning to set up a discretionary trust for him instead of leaving him a lump sum. Does anyone have any advice on the best way to do this and any potential pitfalls?

Someone has also suggested that it is possible to set up a trust fund whilst we are still alive which he could use to supplement his benefits. Is this true?

We want to help him as much as we can (both now and after our deaths) without the danger of him losing his benefits.

Any advice or suggestions would be very welcome.
Many thanks
Tricia

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5 years 3 months ago #224518 by Gordon
Replied by Gordon on topic Trusts
Tricia

You need to get proper legal advice about this from a solicitor with experience of setting these trusts up. Don't waste your time asking online :)

Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems

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