Trusts & Legacy
Trust planning for children and vulnerable beneficiaries
Holding assets for someone who should not, or cannot, receive them outright.
How and when a young beneficiary receives money depends entirely on the arrangement used. Under a bare trust in England and Wales the beneficiary is entitled to the assets at eighteen and can call for them then. Other structures — a discretionary trust, or a will trust drafted for the purpose — can allow trustees to release capital in stages, or at an age you choose, rather than in one payment on a birthday.
Where a beneficiary is vulnerable, the interaction with any means-tested support they receive is usually the central question, and it needs specialist review before anything is signed rather than afterwards.
Things worth considering
- The age and manner of access depend on the type of trust chosen, not on trusts in general
- Interaction with means-tested support requires specialist review
- Trustees may need to act for many years, so appointments and succession matter
Enquire about trust planning for children and vulnerable beneficiaries
Tell us what you would like to protect or resolve. One named contact will read your enquiry personally and come back to you.
- One dedicated point of contact
- No call centres
- Introductions handled discreetly
- Serving Hampshire, West Sussex, Surrey and the Isle of Wight
Cromwell Associates coordinates enquiries and introduces clients to appropriately qualified specialists. We do not provide regulated financial, legal or tax advice, and submitting this form places you under no obligation.
Your enquiry is reviewed personally before any introduction is made.