Are you worried about the effect a lump-sum inheritance may have on your beneficiary’s entitlement to receive a pension?
If one of your beneficiaries has a severe disability, a Special Disability Trust may enable you to access social security means test concessions for their benefit.
A Special Disability Trust is designed to assist those who have the financial means to do so to make private financial provision for the care and accommodation needs of a family member with severe disability and to receive means test concessions.
Put simply, assets within a Special Disability Trust (up to a certain limit) are exempt for the purposes of determining the beneficiary’s entitlement to receive a pension.
For advice about a Special Disability Trust for your family member, start by booking an estate planning conference.
our services
How we can help you
Special Disability Trust Will
From $3500
Start by booking a meeting with one of our lawyers. We’ll give you advice and prepare a tailored quote for your Special Disability Trust Will.
Estate planning conference
$440
Start with a consultation where we’ll discuss your needs and come up with a plan and a fixed price quote.
FAQs
- For the principal beneficiary, all assessable trust assets up to the concessional asset value limit are exempt from the social security assets test. Where the assets of the trust exceed the limit, the amount in excess of the limit will be counted as assessable assets for the person and will be assessed against the relevant assets test thresholds.
- Where immediate family members contributing to the trust are in receipt of a social security or veterans’ entitlement payment and are within five years of Age Pension age or older, they may be eligible to receive a concession from the usual social security or veterans’ entitlement rules relating to making gifts (disposal of assets).
Why work with Perth Wills Centre?
From simple Wills to complex asset protection, we deliver solutions you can trust.
01.
Estate planning done right
No shortcuts, just carefully considered legal strategies.
02.
Wills on-the-spot
For those who need a fast, efficient, and legally sound Will.
03.
A refined, streamlined process
We deliver convenience without cutting corners.
Free info guide
Help with the difficult questions so you can stop procrastinating and make your Will
Our free guide has comprehensive and practical guidance to help you get your affairs in order.
- 10 things to consider when making your Will
- Practical estate planning guidance
- We'll help you answer the difficult questions
Testimonials
What our clients say
Meet our team
We’re highly skilled at crafting tailored estate plans where your legacy and your family are protected. Get it done right.
Legal Practitioner Director
Legal Practitioner Director
Lawyer
Your Will shouldn't wait
Don't put it off any longer
Wills and estate planning is what we excel at. From simple Wills to complex asset protection, we deliver solutions you can trust.
