Life insurance payout for DC

[WhatIsFairForAll]

I think this may be a bit controversial so I am donning my hard hat!

I have 2 DC and am just in the process of sorting my life insurance. No mortgage to clear, it is hoped the money will enable DC2 to put down a deposit on a house or similar.

My issue is regarding DC1. They are in receipt of means tested benefits and probably will be for life due to disabilities making it very difficult for them to gain full time employment. I am a lone carer for DC1 with no family close by to step in after I have gone, making the need for some kind of paid care inevitable. That is also means tested.

I think I can set up my will so that money is held in some kind of trust for DC1, but in reality I am struggling with the ethics of that. To leave a higher proportion to DC2 and structure it so that DC1 can continue to receive her benefits feels a bit off, even though I know it is legal. Does anyone have any experience of this please?

Bear in mind benefits can change at any time.

@WhatIsFairForAll I believe MENCAP give good advice on this issue.

You need specialist support for this, but you're definitely right to be thinking about it carefully. I know our local parent support group has a wills & trusts expert they can access - he does the odd webinar for them. Try asking around?

I think you'll need someone registered with these people www.step.org/about-step/public