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Benefits and trust funds

 
 
dave
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      09-15-2009, 04:49 PM
This is a bit vague because ive not got much information but thought id
ask anyway.
My wife is on DLA and is just over 60 and i get carers allowance and
pension credit.
I know there is a savings limit and a max earnings for carers allowance
and pension credit.
Ive been told that my wife's dad, when writing his will, changed to
include a trust fund for my wife to make sure "she was looked after".
Ive not idea about trust funds and not even considered them unil i was
told about this particular situation.
Does income from a trust fund count as income from a point of view of
the carers allowance and my pension credit?
Does it count as savings while in the trust?
I dont have any other details as her dad is not completely aware of
everything because of his age and health so sorry i cant provide any
extra info.
Thanks in advance.
 
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Mike
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      09-15-2009, 06:06 PM
dave wrote:
> This is a bit vague because ive not got much information but thought id
> ask anyway.
> My wife is on DLA and is just over 60 and i get carers allowance and
> pension credit.
> I know there is a savings limit and a max earnings for carers allowance
> and pension credit.
> Ive been told that my wife's dad, when writing his will, changed to
> include a trust fund for my wife to make sure "she was looked after".
> Ive not idea about trust funds and not even considered them unil i was
> told about this particular situation.
> Does income from a trust fund count as income from a point of view of
> the carers allowance and my pension credit?
> Does it count as savings while in the trust?
> I dont have any other details as her dad is not completely aware of
> everything because of his age and health so sorry i cant provide any
> extra info.
> Thanks in advance.


It has no effect on the CA however the situation re the trusts funds and
PC can be very complex and I haven't really kept up to date. Without
knowing the conditions of the fund any decision is guess work.

Based on what you have said: if the capital is not available to your
wife at all then it cannot be considered as savings however the income I
believe is taken into account.

Mike
 
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