Planning for the Future with Wills & Trust Webinar (April 24)

Description

Having an up to date Will in place goes some way to provide for your disabled child, however in some cases it has the potential to create further problems. If you or a family member are considering leaving money directly to a disabled person, you are likely to impact their entitlement to means tested benefits and social support and may also leave them at risk of financial abuse. As an alternative to this, you may ask a sibling or close family member to ‘look after’ an inheritance on their behalf, but this also carries significant risk if that person is later faced with divorce or bankruptcy. 

On 10th April 2024, leading expert Philip Warford will talk about the options available to protect a disabled person using specialist Wills and Trusts. Philip will explain how to safeguard means tested benefits and how to provide financial security for your disabled loved one, as well as the rest of your family. Philip will talk through the different Trust options available, the importance of a Letter of Wishes and choosing the right Trustees.

Philip will explain:

Why it is important to make a Will

• How you can protect a disabled person using Wills and Trusts
• The choice of Executors and Trustees
• The use of Letters of Wishes
• Making Gifts in a Will

Why use a Trust

• When should you set up a Trust
• How to protect means tested benefits

Your Trust Options

• Discretionary Trusts
• Disabled Person’s Trust

Philip Warford is the Managing Director of Renaissance Legal in Brighton. He specialises in helping families and carers of disabled and vulnerable people plan for their future using Wills, Trusts, Powers of Attorney, Court of Protection applications and Inheritance Tax Planning. Philip regularly speaks at webinars on behalf of many local and national charities including Mencap, NAS and Sense.