A Vulnerable Person’s Trust is designed to protect and manage assets for someone who may be unable to manage their own finances due to disability, illness, or personal circumstances. By setting up this Trust within a Will, you can ensure that funds are managed responsibly, used appropriately, and preserved for the benefit of a vulnerable beneficiary throughout their lifetime.
This type of Trust allows Trustees to control how and when assets are used, ensuring the beneficiary’s needs are met while safeguarding their entitlement to means-tested benefits and protecting the inheritance from misuse or exploitation.
Peace of mind for families
You can be confident that your loved one will be cared for financially, even when you are no longer able to help.
Protection from financial abuse
The Trust prevents direct access to large sums of money, reducing the risk of exploitation or poor financial decisions.
Preserves benefit entitlement
When structured correctly, the Trust can help protect eligibility for means-tested benefits and local authority support.
Flexible and adaptable
Trustees can respond to changing needs, circumstances, or care requirements over time.
Clear control and guidance
A Letter of Wishes can guide Trustees on how you would like the Trust to operate.
Parents or guardians of a child with physical or mental disabilities
Families supporting someone with long-term illness
Individuals concerned about a beneficiary’s ability to manage money
Anyone wishing to provide ongoing support without risking benefit entitlement
A vulnerable person may include someone with a physical or mental disability, a learning difficulty, or a condition that limits their ability to manage finances independently. Eligibility depends on individual circumstances.
The Trust is managed by Trustees you appoint. They are legally responsible for managing the assets in the best interests of the vulnerable beneficiary.
No. The Trustees control the funds and make payments on the beneficiary’s behalf, ensuring the money is used appropriately and safely.
