Special Disability Trusts
How to care for your child after you’re gone.
We all know the care of a severely disabled child or other relative is a constant worry. Especially when you want to ensure that you can provide for them when you’re gone. You may also worry about ensuring their eligibility for a government benefit is protected.
There is a way to give yourself peace of mind through a Special Disability Trust (SDT).
However, setting up an SDT requires careful compliance with legal and regulatory requirements. The process generally involves:
Creating a Trust Deed
This document establishes the trust and must comply with specific legal guidelines.
Appointing Trustees
A trustee or trustees are responsible for managing the trust and ensuring its funds are used appropriately.
Maintaining Compliance
The trust must adhere to strict investment rules and submit annual financial statements to the relevant authorities.
If you would like information or help on setting up a Special Disability Trust ,then Cedar Law would be happy to assist you.
Contact solicitor Maria Basha at Cedar Law on 0473 885 252 to make an appointment.