Wills with Trusts

Discretionary Trust Will

A Discretionary Trust Will offers all the benefits of a standard Will but also allows you to appoint Trustees to be responsible for administering a Trust. This involves looking after property and/or assets for the long - term  benefit of the Beneficiaries.
Trustees have a duty to act in good faith,  to manage inheritance on behalf of vulnerable loved ones who require assistance.

A Discretionary Trust Will:

• Ensures that vulnerable people are given assistance in the management of their inheritance
• Protects your beneficiary’s state benefit entitlements when they receive inheritance from your estate
• Potentially helps unmarried couples with Inheritance Tax planning

This could help anyone who wishes to leave an inheritance to:

• Loved ones who lack the mental or physical capacity to look after their own affairs
• Loved ones who have a disability and are at risk of having their state benefit entitlements compromised by the receipt of inheritance
• Beneficiaries who are in a vulnerable position, for example struggling financially or facing bankruptcy

Trusts can be included on their own or in combination with other gifts if your circumstances require it. Trusts can offer increased protection of your assets for your loved ones in specific circumstances. If you own a property, have significant savings, or wish to ensure that vulnerable people are cared for, a Trust could give you greater peace of mind.