Disability Beneficiary Trust can be put in place when property or funds are left to disabled beneficiaries.
If somebody is receiving a state benefit, but then they receive property or assets, they can lose their benefit. Any property or assets left in a Disability Beneficiary Trust are exempt from means assessed benefits.
We worked for a couple who were leaving their property to their son – he suffered with Downs Syndrome and lived with his parents. They decided to put a Disability Beneficiary Trust in place. When they passed away, their son was still able to continue receiving his state benefit, meaning he could still live in the house he knew and was familiar with.