Vulnerable Persons Trust

A vulnerable person may be someone with special needs or other disabling factors that make them unable to manage their own affairs, or someone who gets a compensation settlement for historical abuse or personal injury. In both cases, they may have received a large sum of money to help with their needs – and a Vulnerable Persons Trust is designed to help avoid that money being counted as capital, which could potentially restrict access to other benefits or financial support.

The Trust ‘ring-fences’ any settlement payments, grants or other financial assets, so they’re not taken into account when being assessed for other benefits they may be entitled to. It protects the vulnerable person’s interests, even after you’ve passed on, and ensures any compensation or other assets are only used for their intended purpose. There are also potential advantages regarding Inheritance Tax and Capital Gains Tax.

If you think a Vulnerable Persons Trust would help you or someone you’re responsible for, talk to our experts.