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Inheritance Planning for Special Needs: A Trust's Role
Description
Leaving an inheritance to a loved one with special needs requires careful planning to avoid disqualifying them from crucial state support. Recent legal changes in Ireland have made this even more complex. Experts recommend setting up a discretionary trust, where trustees hold assets for the benefit of the individual, preserving their eligibility for means-tested benefits. This type of trust offers flexibility and security, but its crucial to choose trustees wisely and seek expert advice early on.
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