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Trust fund - how is capital/asset caculated if you are on Means Tested Benefits
theawat
Member Posts: 1 Listener
Hi, How is capital/asset caculated if you are on Means Tested Benefits? eg. if someone sets up a trust for you can you get money from that for urgent needs (not living expenses) without it being calcuated as an asset or capital? Thanks
Replies
In short there is no quick and easy answer to your question as the rules in regard to trust funds are extremely complicated. It will depend for example on what type of trust fund it is, and why it has been set up e.g. a trust set up following a personal injury payment.
the DWP will not only consider if the trust itself has a capital value that effects benefit entitlement but also how money from the trust find should be treated.
Regards
Maria