Simon held a valuable share portfolio but needed to liquidate it to cover rising medical costs for his disabled son, Josh. The challenge was that the shares had grown significantly in value. If Simon sold them directly, he would face a large Capital Gains Tax bill, reducing the funds available for Josh’s care.

Instead, Simon created a Special Disability Trust and transferred the shares into it. This approach allowed him to reduce the tax impact and keep more money available to support his son’s needs.

Disclaimer and Warning
The information above is of a general nature only. It should not be used as a source to make financial decisions. It’s also important to note that the legislation and figures related to this topic tend to change regularly and therefore the information above may not reflect the current status. We recommend that if you are looking for advice on this matter, you should contact us.