Unlike a ‘Lifetime Trust’ which is set up when you are alive, a Will Trust is set up once you have died.
In simple terms, rather than transferring everything in your share of the estate to your spouse or partner when you die, it is put into a Trust. By doing so, you are, in essence, putting a protective arm around your wealth.
Why a Trust Will could help you control and protect your wealth
- Your share will only go to those loved ones you have named
- Helps to reduce Inheritance Tax for future generations
There are many different types of Trust Wills and it is important that the correct one is identified for you and your family. Our experts will help to work though the different options, exploring what is best for you before making final recommendations as part of your long term plan.