Leaving money in your will

Thank you BarneyOldBat and Monica and others for your efforts re understanding my/ our situation without knowing fuller details.My daughter has been in my life since I began fostering her at 11 years old.She became a much loved daughter not in a legal sense but in every other way She is 40 and I am assisting raise her family and long for good provision to be made for them in the future.I am in my early 70's and hope to be around for years but may need extra care myself so need to conserve my finances for that.I an not wealthy.Just trying to be wise and helpful.I do assist now in practical ways where I can .Re setting up a Trust it is not easy to find younger folk to act as Trustees etc.I do need to get advice on the various kinds of Trusts.I will certainly contact CAB and Age UK too.I am most grateful to all who have contributed to this thread.

I think if it were me I might do something like put any spare cash on a supermarket card, or shop card, or similar, and keep them and maybe some cash somewhere safe, but let my daughter know about them. If I were to die, she could take the cards, as she would know where to find them. They are not in anyone's name as such, yet no doubt would be extremely useful. The only downside is they would be like having "cash" in the house, so would need to be kept somewhere secure, perhaps in a safe, hidden, but where your daughter knows about it.
If you needed to you could use the money on the cards, but equally your daughter could too, without it affecting benefits if no one knew about it.... Only downside is that the cards probably expire after a certain time if not used. Plus of course you wouldn't put thousands on it! Or you could put some money into her electric or gas account, or phone account or similar. Or think of something else valuable you could buy without it being put into someone's name.Or buy some gold...

MOnica has given excellent advice.

Good article anniezzz!