Trusts
At A.B. Wills we can offer expert advice on whether a Trust would be beneficial to you.
What is a Trust?
A Trust is designed to ensure your money and property is ultimately inherited by the people you chose. Will Trusts have become increasingly popular over the years, as they give more flexibility and have the additional benefit of minimizing inheritance tax implications.
What are the Different Types of Trusts?
The most common Trust you will find in a Will is the Bereaved Minor’s or Bereaved Young Person’s Trust, which is where you make a gift to children on condition of them reaching a certain age. Below are 4 other popular Will Trusts:
Right to Occupy
Allows somebody to live in your property for a certain period, but ultimately will be inherited by somebody else (such as your children).
Protective Property Trust
Often used where a couple have children from a previous relationship and want to ensure their estate ultimately passes to their own children.
Flexible Lifetime Interest Trust
Ensures you can provide for your spouse by providing them with income from your estate, but your assets are protected for your ultimate beneficiaries.
Discretionary Trust
Chosen trustees use their discretion to distribute your estate to beneficiaries (often a vulnerable beneficiary)
Single Will Trust £300
Mirror Will Trusts £400
Other Services
Will Writing
A properly drafted Will will ensure you have peace of mind that your affairs are taken care of.
Lasting Power of Attorney (LPA)
LPAs give your appointees the power to make decisions about your health and finance when you can’t.
Get in touch
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