Forum

setting up discretionary trust

Hi

Wondering if a discretionary trust to financially help son after my death is a good, sensible idea?

Appreciate any thoughts or experiences about this or alternatives

Thanks

Hi Teka
Noticed you have had no replies so here is my pennies worth. We are in the process of setting up a trust for our adult child who has quite advanced MS. Also we have organised Power of Attorney . This is one area which is my greatest worry what is going to happen when we are not here anymore so it does help me feel a bit more relaxed knowing there is something in place.

Think the best you can do ( unless you have already organised this} is to see a good family lawyer. Do hope that you and your son are keeping well in these strange times.

Hi Rosebud45
Thanks for your reply
I wonder if used or considered using MS Trust Company?
Thanks
Teka