Trusts

Will Trusts

Securing Your Legacy for Future Generations and protecting the people who mean the most.

What is a Will Trust?

Imagine a safe box. Inside, you place certain assets from your estate. Instead of giving these assets directly to someone, you give them to ‘trustees’ who manage them according to your instructions. These instructions are written into your Will, creating a ‘Will Trust’. The people who benefit from these assets are called ‘beneficiaries’.

Why are Will Trusts Needed?

1. Protecting Vulnerable Beneficiaries: If you have children, grandchildren, or other loved ones who are young, have disabilities, or are financially irresponsible, a Will Trust can ensure their inheritance is managed wisely.
2. Asset Protection: Trusts can protect your assets from things like divorce, bankruptcy and assets after your death, providing protection, flexibility and control.
3. Inheritance Tax Planning: Trusts can be used to minimize the amount of Inheritance Tax your beneficiaries pay.
4. Providing for Future Generations: You can set up a trust to benefit multiple generations, ensuring your assets are passed down according to your wishes.
5. Flexibility and Control: Will Trusts give you greater control over how and when your beneficiaries receive their inheritance.