NSW Trust Fund Inheritance impacts on Disability Payments

Discussion in 'Wills and Estate Planning Law Forum' started by Ken Johnston, 12 September 2019.

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  1. Ken Johnston

    Ken Johnston Member

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    How will a Centrelink Disability support payment be impacted by an inheritance where the beneficiary will receive money distributed from a Trust Fund. I understand that it may be categorised as Non- remunerative.
    The money will be used to manage medical conditions and quality of life etc.
     
  2. Tim W

    Tim W Lawyer
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    1. How you spend it is irrelevant.
    2. No, there's nowhere and no way to hide it.
    3. Start here.
     
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  3. Perp

    Perp Well-Known Member

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  4. Tim W

    Tim W Lawyer
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    Yeah.
    If suitable, including if there is a potential trustee who is willing, able, and affordable,
    this has a lot to recommend it.
     
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  5. Ken Johnston

    Ken Johnston Member

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    Thanks for the advice, however, the person does not have a severe disability but is on the disability pension. I read that when a special disability trust is set up, then the beneficiaries can only be given a distribution maximum of $12,000 per year to be used for only certain things. That just works out to be $230 per week over 52 weeks.
     
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