Trusts can easily be created in your Will, an advisable solution where there is a need to protect or preserve assets. Trusts are also important where provision needs to be made for minor children and infirm, disabled or mentally ill beneficiaries. Example: Mrs Caring has sole responsibility for her son, Optimistic Dan who is disabled. Mrs Caring is rightly concerned as to what would happen to Dan should she die. Without making a Will, the Court of Protection will appoint a guardian and a receiver to look after Dan's affairs. It is likely that Dan will need to go into residential care. With advice from Celandine, Mrs Caring prepares a Will appointing Mr Nice to care for Dan and placing monies into a Disabled Beneficiary Trust for Dan's welfare and maintenance. Mrs Caring can now sleep soundly.

The FSA does not regulate all forms of trust planning.