Vulnerable Beneficiaries

Parents often want to make provision for children with a disability by will. A different problem arises when a vulnerable beneficiary has the benefit of a substantial damages award. In what circumstances will the Court of Protection authorise gifts from such an award and when should an application for a statutory will be made? This session will looks at

• Loss of means tested benefits
• The IHT disadvantages of discretionary trusts
• The IHT benefits of complying with IHTA 1984, s89
• Lifetime trust or will trust – does it matter?
• Income tax and CGT treatment
• How to draft a s89 trust
• Gifts and statutory wills

Professor Lesley King, Professional Development Consultant, University of Law