2025.11.24 本文字数：3224，阅读时长大约5分钟 作者 |第一财经 吴斯旻 即将进入耄耋之年，家住北京的李奶奶却没有办法独立考虑自己的养老问题。78岁的她长年独自照顾两 名心智障碍者——40岁的女儿和她年仅15岁的外孙女。随着自己的身体每况愈下，李奶奶开始考虑自己 的积蓄能否兼顾自身养老和儿孙监护。 李奶奶一家三口所面临的托付难题，也是大龄心智障碍家庭所面临的共同挑战。 在中国，心智障碍群体约有1200万~2000万人，其中孤独症谱系人群约为1400万人。目前，社会公共服 务和政府财政对于这类群体的支持往往聚焦于学龄前和义务教育阶段，当他们进入成年阶段而家长步入 老年期时，家庭照护则面临"支持断层"。 近年来，以特殊需要信托（下称"特需信托"）为代表的金融业务逐渐发展，成为解决大龄心智障碍群体 照护的创新工具。今年，在北京、上海等多地，不动产信托财产登记试点相继落地，意味着房产等非资 金资产可通过进入信托，成为心智障碍者未来托付的保障。 北京市晓更助残基金会近日发布的《心智障碍者家庭现状与未来托付需求调研》（下称"调研"）显示， 家长为心智障碍人士未来生活预算的费用平均为123万元，预计可维持平均 ...

2025.11. 24 本文字数：3224，阅读时长大约5分钟 作者 | 第一财经 吴斯旻 即将进入耄耋之年，家住北京的李奶奶却没有办法独立考虑自己的养老问题。78岁的她长年独自照 顾两名心智障碍者——40岁的女儿和她年仅15岁的外孙女。随着自己的身体每况愈下，李奶奶开始 考虑自己的积蓄能否兼顾自身养老和儿孙监护。 李奶奶一家三口所面临的托付难题，也是大龄心智障碍家庭所面临的共同挑战。 在中国，心智障碍群体约有1200万~2000万人，其中孤独症谱系人群约为1400万人。目前，社会公 共服务和政府财政对于这类群体的支持往往聚焦于学龄前和义务教育阶段，当他们进入成年阶段而家 长步入老年期时，家庭照护则面临"支持断层"。 近年来，以特殊需要信托（下称"特需信托"）为代表的金融业务逐渐发展，成为解决大龄心智障碍群 体照护的创新工具。今年，在北京、上海等多地，不动产信托财产登记试点相继落地，意味着房产等 非资金资产可通过进入信托，成为心智障碍者未来托付的保障。 北京市晓更助残基金会近日发布的《心智障碍者家庭现状与未来托付需求调研》（下称"调研"）显 示，家长为心智障碍人士未来生活预算的费用平均为123万元，预计可维持 ...

Core Insights - The event "Respect for the Elderly: Financial Elderly Care and Intended Guardianship" focused on the innovative financial legal tool of "special needs trust" [1][2] - The introduction of the first national case of real estate trust in Tongzhou District aims to enhance the quality of life for vulnerable groups, particularly the elderly and disabled [1] - The collaborative model of "finance + law + united front" is seen as a replicable solution to the challenges of elderly care and assistance in society [2] Group 1 - The event highlighted the importance of "special needs trust" as a financial tool for asset protection and stable cash flow for beneficiaries [1] - The presentation by Dr. Lin Wei emphasized the role of real estate in trust structures to ensure long-term care for individuals with disabilities [1] - Experts from various organizations provided insights on legal practices and financial operations related to intended guardianship and special needs trusts [1] Group 2 - The initiative is viewed as a model for high-quality development aimed at improving and safeguarding people's livelihoods [2] - The collaborative approach is intended to address the societal challenges of elderly care and assistance effectively [2]

Core Insights - Zhongcheng Trust has successfully established its first special needs trust tailored for families with mental disabilities in the Guangdong-Hong Kong-Macao Greater Bay Area, marking a new phase in providing wealth protection and care services for special groups [1][2] - The trust was initiated by the mother of a child with autism, highlighting the concerns of parents of mentally disabled children regarding long-term care and support after their passing [1] - The trust combines insurance and trust mechanisms to ensure stable living support and professional rehabilitation services for children with autism, even after their parents become incapacitated or pass away [2] Summary by Sections Establishment of Special Needs Trust - In April 2023, Zhongcheng Trust launched the "Caring for Stars" special needs trust, aimed at families with members suffering from intellectual disabilities, Down syndrome, and autism spectrum disorders [2] - The trust provides a comprehensive solution through a legal framework that integrates trust, insurance, and third-party service providers [2] Key Features of the Trust - The trust emphasizes three core functions: asset independence, designated use of funds, and continuous payment, ensuring that children with autism receive ongoing support and services [2] - The initiative reflects Zhongcheng Trust's commitment to social responsibility and its role in enhancing the trust service system for special needs families [2] Future Directions - Zhongcheng Trust plans to further integrate trust systems with public welfare services, exploring more professional and sustainable service models to build a comprehensive support system for special groups [3]

Group 1 - The core issue of anxiety regarding care for mentally disabled individuals and elderly without children is becoming a pressing social problem in China, with over 85 million disabled individuals and approximately 12 to 20 million with mental disabilities [1] - The number of elderly individuals over 60 without children is about 12.5 million, projected to increase to 31 million by 2035 [1] Group 2 - The exploration of special needs trusts offers a viable solution to address these social issues [2] - In Jiangsu, several trust institutions have initiated unique products and service models, with the first special needs trust contract signed in Wuxi, marking a significant step in this area [3] - The operation model of "trust bridging and government backing" is essential for building a comprehensive service and support system for families with special needs [3][4] Group 3 - Jiangsu Trust has launched a 2.0 upgraded version of special needs trust, focusing on providing robust support for elderly individuals with special needs [3][4] - The exploration in the special needs trust sector has two main features: integrating resources from finance, law, notarization, charity, and care, and connecting with civil tools like guardianship and insurance for comprehensive lifecycle care [4] - If 5% of the estimated 12 to 20 million mentally disabled individuals establish special needs trusts, it could potentially benefit 600,000 to 1 million people [4]

Core Insights - The establishment of special needs trusts provides a solution for families with disabled members, ensuring financial security and care for their loved ones as parents age [1][2] - Special needs trusts offer a comprehensive approach by integrating financial management, personal guardianship, and life care services, addressing the unique challenges faced by these families [1][2] Group 1: Special Needs Trusts - Special needs trusts are designed to manage assets for families with disabled members, allowing for professional management of funds while ensuring the well-being of the disabled individual [1] - The trust structure separates responsibilities among the trustee, guardian, and supervisor, enhancing accountability and oversight [1] Group 2: Financial and Social Impact - The trust model prevents the misappropriation of funds by ensuring that payments are made directly to designated service providers, thus safeguarding the assets of vulnerable individuals [2] - Special needs trusts contribute to social equity and humanistic care, providing a sustainable solution for elderly care in an aging society [2] Group 3: Systemic Innovations - Shanghai has initiated a pilot program for real estate trust registration, with an average property asset of 6.748 million yuan per household among families with mental disabilities [3] - A comprehensive solution has been developed based on research from 934 disabled families, integrating trust structures with professional services and social collaboration [3]

Core Viewpoint - The establishment of special needs trusts is a significant development aimed at providing long-term support for individuals with disabilities, addressing concerns of their families regarding care and financial security after their passing [1][3][4]. Group 1: Special Needs Trusts - Special needs trusts are designed to meet the living needs of individuals with disabilities, offering support in areas such as daily care, education, employment, and medical rehabilitation [3]. - The unique characteristics of special needs trusts include property independence, specific purposes for trust assets, and the fiduciary duties of trustees, which enhance their appeal to families of individuals with disabilities [4]. Group 2: Implementation and Impact - The first successful implementation of real estate trust property registration in Beijing's Tongzhou District marks a significant breakthrough, providing a new pathway for financial services in the welfare sector and offering hope to families with special needs [6]. - The case of a 70-year-old mother establishing a real estate trust for her 40-year-old son with autism illustrates the practical application of these trusts, ensuring housing and lifelong care funding [5][7]. - The pilot program addresses two critical issues: legally designating the property as trust assets and allowing property transfer without cash transactions, thereby reducing costs and time for establishing trusts [7].

Core Insights - The article discusses the establishment and significance of special needs trusts in China, emphasizing their role in providing financial security and support for individuals with disabilities and their families [1][2][5] - It highlights the challenges faced by families in understanding and accessing trust services, as well as the need for collaboration among government, social organizations, and financial institutions to create a comprehensive support system [7][8][9] Group 1: Special Needs Trust Overview - Special needs trusts are designed for vulnerable populations, including minors, individuals with mental disabilities, and elderly persons who cannot care for themselves [1][2] - The trust service aims to meet the specific needs of these individuals, providing a structured financial solution that integrates with existing social security systems [1][5] Group 2: Market Development and Challenges - As of the end of 2023, 13 trust companies have engaged in special needs trust services, with a total scale of 165 million yuan [3] - The development of special needs trusts is still in its early stages, with only about 20 companies currently offering such services [3][4] - Families often face difficulties in understanding trust mechanisms, necessitating educational outreach and support from trust professionals [2][6] Group 3: Case Studies and Practical Applications - A notable case involved an elderly woman in Shanghai who established a special needs trust to secure her property and ensure its transfer to her nephew, demonstrating the practical benefits of such trusts [3][4] - The article presents various innovative models, such as combining insurance with trust services to provide ongoing financial support for individuals with disabilities [6] Group 4: Collaborative Efforts and Future Directions - The article calls for a multi-faceted approach involving government, social organizations, and financial institutions to create a sustainable ecosystem for special needs trusts [7][8] - It emphasizes the importance of recognizing special needs trusts not merely as financial products but as essential legal structures that can address broader social issues [7][9]

Core Viewpoint - The establishment of the "Beijing Grand Canal Charity Trust" aims to provide sustainable support for families with special needs through real estate trusts, addressing the tax burdens associated with trust setup and enhancing the welfare of vulnerable groups in Beijing [1][2]. Group 1: Project Overview - The "Beijing Grand Canal Charity Trust" was established under the guidance of the Tongzhou District government and is managed by Huabao Trust, focusing on providing financial support for families with special needs [1]. - The project aims to subsidize the deed tax costs for eligible families in Beijing, with a maximum subsidy of 20,000 yuan per household, promoting the establishment of real estate trusts [1][2]. Group 2: Market Implications - The project represents an innovative model under the reform of trust business classification, combining lifelong care for special groups with charity trust structures [2]. - It addresses practical challenges such as deed tax, thereby lowering the costs for families setting up real estate trusts, and aims to create a sustainable financial solution for elderly care [2]. Group 3: Trust Mechanism - Unlike traditional charity trusts that focus on donation, this project utilizes the independent nature of trust assets to direct funds specifically for tax subsidies, creating a closed-loop mechanism of funding, establishment, and operation [2]. - The design of the project highlights the flexibility of trust tools, integrating various needs such as special needs trusts, real estate trusts, and charity trusts into a cohesive framework [2].

Core Viewpoint - The establishment of the "Beijing Canal Cornerstone Charity Trust" aims to alleviate the financial burden on families with special needs by providing subsidies for real estate trust setup costs, particularly focusing on transaction taxes, with a maximum subsidy of 20,000 yuan per household [1][6]. Group 1: Trust Establishment and Purpose - The "Beijing Canal Cornerstone Charity Trust" was initiated to support families with special needs in Beijing by subsidizing the costs associated with establishing real estate trusts [1][5]. - The trust is a collaborative effort involving the Tongzhou District Civil Affairs Bureau, local citizens, and the Beijing Huizhong Charity Foundation, with Hua Bao Trust acting as the trustee [1][6]. Group 2: Special Needs Population Statistics - As of November 2024, there are approximately 35 million disabled elderly individuals in China, accounting for 11.6% of the total elderly population, with projections indicating this number could rise to 46 million by 2035 [2]. - The estimated population of individuals with intellectual disabilities in China ranges from 12 million to 20 million [2]. Group 3: Regulatory Framework and Implementation - The introduction of the "Notice on Regulating Trust Companies' Trust Business Classification" has led to increased interest in special needs trusts, particularly those involving real estate, as a means of ensuring long-term care and asset protection for vulnerable populations [3]. - The State Council approved a plan to explore the establishment of a registration mechanism for trust assets, including real estate and equity, under controlled risks [3]. Group 4: Financial Implications and Challenges - The current tax structure poses challenges for families establishing real estate trusts, as the tax rates on trust property transfers are higher than those for direct personal ownership, along with annual property taxes and capital gains taxes upon property disposal [5][6]. - The establishment of the charity trust is seen as a beneficial exploration of government guidance and social participation in addressing public welfare issues [6]. Group 5: Trust Management and Oversight - Hua Bao Trust will manage the trust assets professionally and prudently, ensuring that funds are used specifically for the intended subsidies [7]. - The China Postal Savings Bank will securely manage the trust funds and ensure timely disbursement to eligible families [7].