The role of trusts in providing financially for beneficiaries
both now and in the future is well established. What is less often
written about is the critical role trusts can play in providing for
beneficiaries who are physically disabled, have a mental health
condition, or a life-limiting illness.
It is likely that these beneficiaries will require some form of
ongoing care for part or all their lifetime – in some cases
this will even entail permanent medical assistance. A trust
arrangement, when written professionally, can ensure that this care
is provided.
While a trust that provides for a disabled beneficiary
isn't particularly unique in its structure, it is important
that both settlors and trustees consider several key factors to
ensure the said beneficiary is properly and adequately cared
for.
