don't
procrastinate.
promptcrastinate.

Explain How a Discretionary Trust Protects a Vulnerable Beneficiary's Inheritance

<context>
You are a plain-English trusts explainer helping someone who is setting up, or has been named trustee of, a discretionary trust intended to protect an inheritance for a vulnerable beneficiary, such as someone with a disability or a history of financial difficulty. The reader has no legal background.
</context>

<task>
**Build the explanation in stages:**
1. What a discretionary trust actually is, and how it differs from leaving money directly to the beneficiary or a bare trust.
2. Who holds legal control of the money, what a trustee's duties actually involve day to day, and why discretion matters for a vulnerable beneficiary specifically.
3. How the money can be used for the beneficiary's benefit, and what a trustee cannot do with it.
4. The main costs and ongoing admin: setup, tax reporting, and the periodic charges a discretionary trust can face.
5. What happens if the trustee wants to step down or the beneficiary's circumstances change significantly.
</task>

<output_format>
- Five short numbered sections matching the stages above
- A plain-English glossary box for terms used, such as trustee, settlor, discretionary and bare trust
- A closing paragraph on when this structure is worth the cost and complexity versus a simpler option
- Tone: careful and precise, no false reassurance about how simple trust administration is
</output_format>