Will beneficiary lose means tested benefits?

[ian coillins]

My son recieves income support. I want to take out an insurance company investment bond, written in a flexible trust, and make him the beneficiary of the trust. Will he lose his entitlement to income support as it is a means tested benefit?

[Peter D]

Your son is probably the beneficiary of your estate but that does not count. As he receives no income from it or an investment bond then it is not assest as such. Regards Peter