{"id":1644,"date":"2025-05-07T11:44:23","date_gmt":"2025-05-07T03:44:23","guid":{"rendered":"https:\/\/blessingpica.org\/?page_id=1644"},"modified":"2025-06-05T10:55:34","modified_gmt":"2025-06-05T02:55:34","slug":"%e7%82%ba%e4%bd%95%e9%81%b8%e6%93%87%e6%ae%98%e9%9a%9c%e4%bf%a1%e8%a8%97%ef%bc%9f","status":"publish","type":"page","link":"https:\/\/blessingpica.org\/en\/%e7%82%ba%e4%bd%95%e9%81%b8%e6%93%87%e6%ae%98%e9%9a%9c%e4%bf%a1%e8%a8%97%ef%bc%9f\/","title":{"rendered":"Why Disability Trust"},"content":{"rendered":"
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Why Disability Trust<\/strong><\/strong><\/h1><\/div>\n<\/div><\/div>\n\n\n\n
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Our Main Services<\/h2><\/div>

Explore our services to help you create a comprehensive future plan for your loved one.<\/p><\/div><\/div>\n\n\n\n

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About Life Interest under a Trust<\/h3><\/div>

The simplest idea of life interest 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.<\/p>

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\"Close-up<\/figure><\/div>\n<\/div>\n\n\n\n
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When and why the trust ought to be founded<\/h3><\/div>

\u201cGod, 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.\u201d<\/em> - Serenity Prayer
 
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\u2019s many uncertainties such as losing earning capacity, lack of advantage in labour market, suffering from chronic disease, divorce, timing of passing away \u2013 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\u2019S WORK IT OUT TOGETHER.
Rather than remaining passive with no sense of direction and leaving the loved one\u2019s 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 .<\/p>

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Who Needs Disability Trust?<\/h3><\/div>

-Families having children or adults members with disabilities requiring long-term financial planning and comprehensive care plan; AND
-Individuals with disabilities who have received financial support\/relief from parents or third party (e.g. personal injury victim with compensation) or have assets to maintain oneself while financial management and maintenance of one own\u2019s life are necessary;<\/p>

Contact Us<\/span><\/a><\/div><\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Your Attention is Also Drawn to-Critical Stages of Life of SNP<\/h3><\/div>

Whether you would set up a disability trust or not, there are various critical points of time in life when SNPs will require careful and comprehensive planning. These include when:
i.\tthey leave school;
ii.\tthey start working;
iii.\tparents\/caregivers retire;
iv.\tparents\/caregivers suffer from chronic disease which affect their earning capacity, mobility or cognitive capacity;
v.\tfirst parent dies;
vi.\tsecond parent dies.
Hence a well-planned trust should also consider the different timing \/ crisis situations SNPs will face, including those mentioned above.<\/p>

Contact Us<\/span><\/a><\/div><\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
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Choices of Various Methods to Achieve Financial Securities for SNP<\/strong><\/h3><\/div>

Parents \/ Caregivers may explore or to seek consultation on, amongst others, tools for future planning: Will Trust , Living Trust, Enduring Power of Attorney and others\u2026. Which one suits your more? Whatsapp us 9248 1678 and let\u2019s discuss.<\/p>

Contact Us<\/span><\/a><\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
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Contact Us<\/h2><\/div>

No Worries, Lets work it out!<\/p>

Contact Us<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"

Why Disability 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