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You say that it "used to be possible to claim whilst you were the beneficiary of the Trust...but .. they have closed up that loophole now."
That may be for new claimants but has not been my experience to date.
This Compenmsation Bare Trust was begun in March 2010. The Dept of Work and Pensions made my son pay back some £44,000 of benefits but in return acknowledged that all monies in the Trust would be disregarded as far as benefits in the future are concerned. They have honoured this.
However, although the money for the beneficiary's ISA came from the Trust, and although the beneficiary did not have access to the ISA - which is an internet ISA and the beneficiary does not know the sort-code, the number of the ISA, the password, the security code etc.- I have the impression that the Dept W&P regards ***** ***** as outside the Trust.
Please would you comment on all of this, please?
I am puzzled by your original answer about the the DWP "being concerned that these are funds under the control or within the reach of either you..." Surely the purpose of a Trust is that the funds are under the control of the Trustee, but not directly under the control of the beneficiary."
Please would you clarify?
The DWP still respects that the Trust administered by the Trustee(s) is not money that needs to be taken into account for benefits.
This seems to contradict what you are saying.
I am not satisfied with the answers of the Expert as her statements are contradicted by the facts - and she even contradicts herself.
I would like my money back, please, as I am not satisfied.