Our Main Services
Explore our services to help you create a comprehensive future plan for your loved one.
Disability Trust
To provide information to disability trusts for people with special needs and to assist the proper use and long-term management of funds in order to safeguard quality of life.
Care Planning Assistance
To assist parents/caretakers to form life-long support circle and thoughtful care plan.
Our Story and Mission
We aim at, from stage to stage, raise awareness of, and publicize the general knowledge of disability trust as well as other future planning tools e.g. enduring power of attorney, special or general power of attorney ,which are necessary for the provision of security for the Special Needs Persons who suffer from autism, or other mental or physical disability ("SNP" or “SNPs”) who are unable to handle daily life matters.
We also aim at assisting parents / caregivers to create 4 Plannings Services (care, resources, financial & legal) for the benefit of SNPs during their own critical period while support and care from parents / caregivers are lacking (for instance, they are unable to take care SNPs due to mental or physical sickness, or when the parents / caregivers pass away) so as to (i) achieve peace of mind of parents / caregivers and (ii) carry out comprehensive life arrangement for the SNPs, including afterlife and (iii) develop SNP’s capacity
Why Disability Trust
About Life Interest under a Trust
The simplest idea of trust is that: a settlor (donor) creates a trust by way of trust deed in which the trustee is appointed, and the beneficiary is named. By virtue of the trust deed, the settlor hands over the legal title of his properties to the trustee for management and investment for the benefit of the beneficiary. The trust property is legally held by the trustee where the beneficial interest is owned by the beneficiary as long as the beneficiary is living i.e. life interest. This is the usual trust arrangement for a vulnerable family member like SNPs (i.e. life interest beneficiary). When the life interest terminates, the managed trust property becomes a remainder estate of the trust. Subject to the contents of the trust deed, the trustee will transfer the legal title and beneficial interests of the trust property to the remainder beneficiary as the settlor instructs.
For centuries, private trusts have been used as financial planning tools to ensure financial security for the family members.
The usual mode of gift for family members who are SNPs would be to grant them life interests i.e. an entitlement to income and/or capital from a trust asset but with no right to dispose the same in order to prevent the menace of abusers/ financial predators.
When and why the trust ought to be founded
“God, grant me the serenity to accept the things we cannot change, the courage to change the things we can, and the wisdom to know the difference.”
Regardless of our respective religions, as parents of SNPs, the founders of Blessing PICA share the same doubts and worries about the future of their loved one when the parents one day inevitably encounter one or more of life’s many uncertainties such as losing earning capacity, lack of advantage in labour market, suffering from chronic disease, divorce, timing of passing away – these are just some of the many vicissitude of life which parents cannot avoid.
If parents concur that currently available trust services do not suitably cater to their loved one, or the financial thresholds are too high to set up and maintain a private trust, or parents simply have no idea about disability trusts, then LET’S WORK IT OUT TOGETHER.
Rather than remaining passive with no sense of direction and leaving the loved one’s future life and long-term well-being at grave risk, it would be much better to consider to different future planning tools mentioned above and to establish comprehensive life plan which caters for the needs of participating SNPs: that is the change parents can make to provide for the future .