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Trusts are commonly used within Wills to protect property after death, to protect money for a minor (under 18’s), make provision for disabled beneficiaries and ensure children from previous relationships receive regular payments. Some Trusts are relatively simple to implement, while others are far more complex and require specialist advice. TYPES OF TRUST: Property Trust: Property Trusts are designed to protect half of your home in the event it is sold to pay for care fees. It also gives the surviving spouse the right to live in the property, normally for life and It also ensures that certain beneficiaries will inherit from your share of the property. See: Property Trusts – an explanation (PDF) Discretionary Trusts: Discretionary Trusts are written in to Wills to ensure incapacitated or disabled beneficiaries, (who are unable to manage their own affairs) have their inheritance managed on their behalf. They can also be used if a particular beneficiary is deemed irresponsible or wayward and who may squander their inheritance. See: Discretionary Trusts – an explanation (PDF)  
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People often assume incorrectly that when they die, their estate or worldly goods will go to their family.
Trusts are commonly used to protect property after death, or to protect money for a minor.
As part of our Will drafting process, at PWP we carry out a  fully confidential financial review.
The amount of work required in administering an estate through probate can be huge.
More information Contact PWP OUR TESTIMONIALS
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Company Registration Number England and Wales:  09213556 Registered Address: Professional Will Planning Limited 4 Buces Road, Taunton, Somerset, TA1 4NG Call: 01823 338463 or 07826 542 574
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