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Minehead

22 The Parks, Minehead,
Somerset, TA24 8BT
Minehead Solicitors

Taunton

17 The Crescent, Taunton,
Somerset, TA1 4EB
Taunton Solicitors

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Central Court, ,
London, WC2A 1AL
London Solicitors

Estate planning relating to vulnerable people

Estate planning for vulnerable people

Estate planning may be required for all sorts of reasons including tax mitigation and ensuring that your wishes for your family and loved ones are put in place. Where a person is vulnerable or you have a vulnerable person to consider, particular issues need to be considered and additional steps may need to be taken.
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We can also provide advice about protecting vulnerable people.

We provide specialist clear advice to suit your needs. Our wills are accompanied by a commentaries, which explain the terms and general taxation implications of the will and any associated trusts. We can prepare ancillary documentation such as a letter of wishes which provides guidance to your trustees and can include matters you would like them to consider in administering the trust, for example, how you would like them to use the income and capital of the trust for the vulnerable beneficiary, specific details about the needs of the vulnerable beneficiary and how you envisage the trustees protecting trust assets for the vulnerable beneficiary.

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  • What can I do to protect an inheritance for a vulnerable person?

    Parents and families of children with a vulnerability, such as a physical, mental or learning disability or an addiction, may have concerns about that child’s future and how they will cope when immediate family are no longer around.
    If you are thinking of leaving an inheritance to a vulnerable person it is sensible to get legal advice about the impact this inheritance may have. Will the beneficiary be able to manage the inheritance? Will it make them more vulnerable to the attentions of a third party putting them at risk of financial abuse? Will it affect the state benefits they receive? Even a small lump sum inheritance can affect entitlement to benefits.
    It is possible for an inheritance to be left in a trust in your will, under the terms of which the vulnerable person can benefit. It is advisable that the trust is administered by responsible and trusted trustees, which can be family members, friends or professionals chosen by you. The types of trust that we can advise on to help protect assets for vulnerable people are:
    • discretionary trusts
    • disabled person’s or vulnerable person’s trusts
    • bereaved minor’s trusts
    • age 18-25 trusts

  • How can I protect my children in my will?

    Parents will likely wish to include the appointment of a guardian or guardians in their wills, in event of them both dying before their children reach 18. Appointing guardians you approve of and trust to take care of your children will give you peace of mind..

  • Excellent service and understanding at all times. I would definitely recommend Maitland Walker to others.
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  • Kerry’s ability to complete and progress the necessary actions and processes has been impacted by my personal circumstances that mainly related to my mother’s Alzheimer’s condition. Kerry has shown admirable professional patience and understanding'.
  • "Thank you Mr Ashby for being so helpful. We are so pleased with the kind and prompt service and the sensitive way you helped us to understand and put in words what we wanted and needed"
  • Emily was very understanding, helpful, efficient and giving good advice. Professional, friendly, outstanding service. Could not ask for more
  • Thank you to everyone for all your help and support throughout. It was much appreciated when I was going through tough times
Taunton
Senior Associate Solicitor
Minehead
Senior Chartered Legal Executive

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