Thinking about a time when you may not be here to support your children can be frightening for parents. If you have a child with Special Educational Needs and Disabilities (SEND), their future can be especially difficult to think about as they may have varying needs throughout their lifetime.  It’s natural to worry about how your child will manage without you and what effect any changes will have on them.

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The team at Renaissance Trust provide transparent, bespoke, unbiased advice and services to our clients to ensure your financial interests are protected in the short and long term.

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We can assist you in choosing the Trust that’s right for your personal circumstances. There are a number of factors that need to be considered, including:

• the age of the disabled or vulnerable person

• the nature and the long-term prognosis of any disability

• if the disabled person is in receipt of PIP, their award will be reviewed more regularly than DLA and this could result in the withdrawal of the benefit and, therefore, failure to qualify as a DPT. If this is likely, we will consider whether a Discretionary Trust may be more appropriate.

• we will also consider the needs of the disabled person, for example, where they are likely to live, who will care for them, how the carers will be compensated and the needs of other family members.

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The trustees are under a duty to deal with the assets in the best interests of the Beneficiaries and, if they fail in this duty, they will be in breach of trust. The Beneficiaries can ask the Court to make sure that the terms of the Trust are carried out.

The duties of a Trustee are set out in legislation but can be altered or added to. Trustees must act in the best interests of the beneficiaries and not for their own benefit.

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What are they?

They are separate letters that are usually kept with a Will or Trust Deed to explain your wishes and give guidance to an individual or group of people.  These letters do not form part of the Will or Trust document.

Why are they used?

They give the person making a Will or creating a Trust, the opportunity to express their personal wishes on various matters using language that is not as formal as that used in a Will or Trust Deed.

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