The first thing to consider is making a will, so you can express your wishes and ensure your assets pass to the people you want to provide for on your death.
Additionally, and whether you wish to provide for your relative during or after your lifetime, a disabled person’s trust may be something you decide to consider. Broadly, this involves appointing trustees to manage the trust fund and ensure your loved one is adequately provided for during their lifetime, whilst enabling you to express a view as to how the funds are used. Setting up a disabled person’s trust may be particularly useful if you have concerns about your relative’s capacity to manage their own financial affairs, and also has certain tax advantages which may benefit both you and your relative.
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