Question 1

What is a Special Child Trust?

Accepted Answer

A Special Child Trust is a legal arrangement that protects the long-term well-being of a child or dependent with physical, developmental, or intellectual challenges. It ensures financial stability, care, and protection — both while parents are alive and after they are gone.

Question 2

What kinds of assets can be placed in a Special Child Trust?

Accepted Answer

The trust can hold money, property (providing rental income), insurance policy proceeds, grants for therapy or education, and contributions from family members — all structured to benefit the child.

Question 3

Who are the key people involved in a Special Child Trust?

Accepted Answer

The key roles include the Settlor (parent or guardian who creates and funds the trust), the Trustee (who manages trust assets), the Caregiver (who provides personal care), and the Beneficiary (the special needs child who receives benefits).

Question 4

Can the trust be activated while I am still alive?

Accepted Answer

Yes. You can choose when and how the trust activates — it can be set up to operate while you are alive or triggered only after your demise, based on your instructions.

Question 5

What happens to the trust if the appointed trustee steps down?

Accepted Answer

Succession of the trustee role should be planned in the trust deed. NexGen advises planning for trustee succession so that the child's protection continues without interruption.

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