When should you consider using a special disability trust?

When should you consider using a special disability trust?

For parents and other family members of a person with a disability, the question of how their family member will be cared for if they are no longer able to do so is a critical one. Special Disability Trusts were introduced in 2006 to allow parents and immediate family members to plan for the current and future care and accommodation needs of a person with a severe disability or medical condition.

For parents and other family members of a person with a disability, the question of how their family member will be cared for if they are no longer able to do so is a critical one. Special Disability Trusts were introduced in 2006 to allow parents and immediate family members to plan for the current and future care and accommodation needs of a person with a severe disability or medical condition.

Provided that it has been properly drafted, a special disability trust will attract concessions from both a taxation and social security perspective, for both the beneficiary of the trust and the family members who contribute.

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