Wills
Family UK Trusts
Trusts offer a means of holding and managing money or property for people who may not be ready or able to manage it for themselves. Trusts can protect assets such as your home. They can help ensure that your assets are passed on in accordance with your wishes after you die.
HOW DOES THE TRUST WORK?
A Trustee should be appointed to legally manage and administer the Trust in accordance with the wishes of the person creating the Trust.
WHO CREATETS THE TRUST?
A Trust can either be set up by you during your lifetime or by your Trustee after your death and in accordance with your Will.
WHAT IS THE TRUSTEE?
Trustees are the 'legal owners' of any Trust property; they manage and distribute the Trust assets. There can be one or more Trustees.
WHAT IS TRUST PROPERTIES?
This can be anything including land or buildings, investments, money, antiques or other valuable property.
TYPE OF TRUSTS:
Minor Beneficiary Trust
- For young people under 18 years who legally cannot manage their affairs. Disabled/Vulnerable Beneficiary Discretionary Trust
Disabled/Vulnerable Beneficiary Discretionary Trust
- Where someone cannot manage their affairs because they are mentally incapable or vulnerable for whatever reason. Property Trusts
Property Trust
- To ensure an ongoing home for someone after your death.
- Ensuring that specific beneficiaries inherit.
Annuity Trust
- To ensure that regular financial commitments prior to your death are able to continue after you die i.e. maintaining children or sponsorships.
Beach Bum Trust
- A way of incentivising young people to work and be responsible.
Protective Trust
- Bespoke Trusts for when there are special considerations that need to be included within a Will.
Contact us today to discuss your requirements in complete confidence BY EMAIL__________________(WEBFACTORY WILL PROVIDE IT)