object(Joomla\CMS\Menu\MenuItem)#645 (21) {
  ["id"]=>
  string(3) "117"
  ["menutype"]=>
  string(8) "mainmenu"
  ["title"]=>
  string(8) "Insights"
  ["alias"]=>
  string(3) "new"
  ["note"]=>
  string(0) ""
  ["route"]=>
  string(3) "new"
  ["link"]=>
  string(41) "index.php?option=com_easyblog&view=latest"
  ["type"]=>
  string(9) "component"
  ["level"]=>
  string(1) "1"
  ["language"]=>
  string(1) "*"
  ["browserNav"]=>
  string(1) "0"
  ["access"]=>
  string(1) "1"
  ["params":protected]=>
  object(Joomla\Registry\Registry)#584 (3) {
    ["data":protected]=>
    object(stdClass)#588 (68) {
      ["post_image"]=>
      string(1) "1"
      ["post_image_placeholder"]=>
      string(1) "0"
      ["post_title"]=>
      string(1) "1"
      ["post_category"]=>
      string(1) "1"
      ["post_hits"]=>
      string(1) "0"
      ["post_date"]=>
      string(1) "1"
      ["post_date_source"]=>
      string(7) "created"
      ["post_ratings"]=>
      string(1) "1"
      ["post_copyrights"]=>
      string(1) "0"
      ["post_author"]=>
      string(1) "1"
      ["post_author_avatar"]=>
      string(1) "0"
      ["post_tags"]=>
      string(1) "1"
      ["post_type"]=>
      string(1) "0"
      ["post_social_buttons"]=>
      string(1) "0"
      ["post_readmore"]=>
      string(1) "1"
      ["post_fields"]=>
      string(1) "1"
      ["post_nickel_column"]=>
      string(1) "2"
      ["pagination_style"]=>
      string(6) "normal"
      ["post_comment_counter"]=>
      string(1) "1"
      ["post_comment_preview"]=>
      string(1) "1"
      ["post_comment_preview_limit"]=>
      string(1) "3"
      ["featured_slider"]=>
      string(1) "1"
      ["featured_slider_all_pages"]=>
      string(1) "1"
      ["featured_auto_slide"]=>
      string(1) "1"
      ["featured_auto_slide_interval"]=>
      string(1) "8"
      ["featured_post_image"]=>
      string(1) "1"
      ["featured_post_title"]=>
      string(1) "1"
      ["featured_post_category"]=>
      string(1) "1"
      ["featured_post_author"]=>
      string(1) "1"
      ["featured_post_author_avatar"]=>
      string(1) "1"
      ["featured_post_content"]=>
      string(1) "1"
      ["featured_post_content_limit"]=>
      string(3) "250"
      ["featured_post_date"]=>
      string(1) "1"
      ["featured_post_date_source"]=>
      string(7) "created"
      ["featured_post_readmore"]=>
      string(1) "1"
      ["featured_bottom_navigation"]=>
      string(1) "1"
      ["ebconfig_composer_truncation_enabled"]=>
      NULL
      ["ebconfig_composer_truncation_readmore"]=>
      NULL
      ["ebconfig_composer_truncate_image_position"]=>
      NULL
      ["ebconfig_composer_truncate_image_limit"]=>
      NULL
      ["ebconfig_composer_truncate_video_position"]=>
      NULL
      ["ebconfig_composer_truncate_video_limit"]=>
      NULL
      ["ebconfig_composer_truncate_audio_position"]=>
      NULL
      ["ebconfig_composer_truncate_audio_limit"]=>
      NULL
      ["ebconfig_composer_truncate_gallery_position"]=>
      NULL
      ["ebconfig_composer_truncation_chars"]=>
      NULL
      ["ebconfig_main_truncate_type"]=>
      NULL
      ["ebconfig_layout_maxlengthasintrotext"]=>
      NULL
      ["ebconfig_main_truncate_maxtag"]=>
      NULL
      ["post_include_featured"]=>
      string(1) "0"
      ["post_pin_featured"]=>
      string(1) "0"
      ["exclusion_categories"]=>
      array(1) {
        [0]=>
        string(2) "18"
      }
      ["includesubcategories"]=>
      string(1) "1"
      ["limit"]=>
      string(2) "-2"
      ["menu-anchor_title"]=>
      string(0) ""
      ["menu-anchor_css"]=>
      string(0) ""
      ["menu_image"]=>
      string(0) ""
      ["menu_image_css"]=>
      string(0) ""
      ["menu_text"]=>
      int(1)
      ["menu_show"]=>
      int(1)
      ["page_title"]=>
      string(68) "Insights | Private Client Solicitors Edinburgh | Murray Beith Murray"
      ["show_page_heading"]=>
      string(1) "0"
      ["page_heading"]=>
      string(0) ""
      ["pageclass_sfx"]=>
      string(0) ""
      ["menu-meta_description"]=>
      string(177) "To view our most recent insights, click here | Our highly personal service reflects our culture, which is centred on integrity, trust & expertise. Murray Beith Murray, Edinburgh"
      ["menu-meta_keywords"]=>
      string(0) ""
      ["robots"]=>
      string(0) ""
      ["secure"]=>
      int(0)
    }
    ["initialized":protected]=>
    bool(true)
    ["separator"]=>
    string(1) "."
  }
  ["home"]=>
  string(1) "0"
  ["img"]=>
  string(1) " "
  ["template_style_id"]=>
  string(1) "0"
  ["component_id"]=>
  string(5) "10001"
  ["parent_id"]=>
  string(1) "1"
  ["component"]=>
  string(12) "com_easyblog"
  ["tree"]=>
  array(1) {
    [0]=>
    string(3) "117"
  }
  ["query"]=>
  array(2) {
    ["option"]=>
    string(12) "com_easyblog"
    ["view"]=>
    string(6) "latest"
  }
}

Murray Beith Murray is a leading Scottish private client law firm.

For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Call us today on 0131 225 1200
legal award
3 minutes reading time (514 words)

Setting up a trust for a vulnerable person

andrewPeople choose to set up trusts for a wide variety of reasons, but if you have a vulnerable person in your life, we understand that you may wish to protect them and provide for them in some specific way. One such way is to set up a vulnerable person’s trust, which can provide both financial and administrative support. This area of the law can be complicated, but in this article, we aim to provide an overview of why you might want to set up a vulnerable person’s trust, what a vulnerable person’s trust is and the process for setting up such a trust

What constitutes a trust for a vulnerable person?

A vulnerable person’s trust is a broad term that applies to a trust that has been created for a beneficiary who needs financial support as well as assistance to manage their affairs because they lack the capacity to do so themselves.

In Scotland, a trust for a vulnerable beneficiary will either be classified as a “disabled person’s trust”, or a “trust for a bereaved minor”. These classifications help determine the tax treatment of the trust. Where the trust could fall into either category, it will be categorised as a disabled person’s trust as this will allow the trust to continue after the beneficiary reaches adulthood. What makes this type of trust different from other types of trust is most often the purpose of the trust and the nature of the primary beneficiary.

Why set up a trust for a vulnerable person? 

A trust can be a useful way to support and protect a vulnerable person by providing them with both financial means, but also administrative assistance. There are also several inheritance tax, income tax and capital gains tax provisions that may apply to a vulnerable person’s trust. For example, with regard to inheritance tax, a disabled person or a bereaved minor will not normally invoke tax charges during the life of the trust but there can be inheritance tax charge when the trust comes to an end. 

How do I set up a vulnerable person’s trust? 

Setting up a vulnerable person’s trust can be complicated, and you should seek the advice of a specialist solicitor. There are very specific qualifying conditions to allow you to set up the trust and benefit from the special tax conditions that apply to these types of trust. You can set up a trust in your lifetime using a trust deed, or leave specific instructions in your Will

Specialist Trusts Solicitors, Edinburgh

Murray Beith Murray Partner, Andrew Paterson, is an expert in all aspects of ‘adults with incapacity’ legislation and specialises in trusts. If you have any questions about the issues covered here, or if you wish to discuss any other legal matter, please complete our contact form or call us on 0131 225 1200.

At Murray Beith Murray, we're more than just lawyers - we're trusted advisors. We provide straightforward, practical advice and assistance. Our approach to client service is friendly and responsive, and we operate with the highest standards of integrity and professional expertise.

Coronavirus: How long does it take to buy a reside...
Succession for Couples

Get in touch Make an enquiry

Please fill out the fields below and we will be in touch.

Please let us know your name.
Please let us know your email address.
Please enter a valid phone number
Invalid Input
Please let us know your message.

legal award

Call us today 0131 225 1200 or get in touch with us via our online enquiry form