There are various situations in which a Trust may be the most suitable solution for your needs.
For the purposes of making a Will, Trusts are often set up for one of the following reasons:
- To provide for your spouse while keeping the estate intact to be passed to your children.
- To hold assets on behalf of a child until they reach a specific age. Doing so allows for the property or money to be properly managed until the children are old enough legally to take possession
of it. Some types of trust allow the beneficiary to receive an income from the property.
- To make sure that a family member or friend with a learning difficulty or other disability will get the financial support and protection they need after your death.
- To reduce the inheritance tax liability. Putting assets into Trust can in some cases reduce or even eliminate the inheritance tax liability for that asset; it can also help to keep the value of
the estate within the nil-rate band (NRB).
- Discretionary Trusts
- Protective Property Trust
- Disabled Discretionary Trust
- Flexible Life Interest Trust
There are many different ways in which trusts can be set up to meet your individual requirements. Speak to one of our professional advisers for more information on which trust is right for
The Society of Will Writers Membership No: WE77022806/16