Good afternoon Netlifer62,
We are delighted that your son is seeking his independence and that you are so supportive of him on this journey.
To answer your questions yes, property can be held in Trust for your son.
The property would technically belong to the Trust, and your Son would be able to live in it.
It is advisable to leave additional funds for any maintenance and upkeep costs of the property, as the chosen Trustees will be responsible for the upkeep of the property.
Trustees are people you will choose to run the Trust for your son, there must be a minimum of two and a maximum of 4.
You can write a letter of wishes where you can state what you wish to happen to the property if it no longer becomes suitable for your son.
If you would like further information please call Mencap’s Wills and Trusts Team on 0207 696 6925.
Mencap’s Wills and Trust Service helps parents with the vital task of providing financial stability for their child’s future.
We offer advice and support around writing a Will and setting up a Trust, providing free literature and running Free Planning for the Future seminars across England, Wales and Northern Ireland.
If you would like any information, or would like to attend one of our free seminars please contact the team on 0207 696 6925 or visit www.mencap.org.uk/willsandtrusts
Thanks,
Matt
Gifts in Wills Co-ordinator