Will Trusts Legal Advice

Set up a will trust to provide for your loved ones and protect your estate from unnecessary inheritance tax.

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What is a will trust?

A will trust is a special setup within your will that allows you to manage and protect assets for your beneficiaries according to your wishes. It involves appointing trustees responsible for handling these assets for the benefit of others, usually after you’ve passed away.

What are the different types of will trusts?

  • There are several types of will trusts, each tailored for different needs:
  • Bare Trusts – Ideal for holding assets until beneficiaries come of age.
  • Fixed-Interest Trusts – Allows you to set an age beyond 18 for beneficiaries to inherit.
  • Life-Interest Trusts – Provides for a spouse or partner during their lifetime before passing the remainder to other beneficiaries.
  • Discretionary Trusts – Gives trustees the flexibility to distribute assets based on the beneficiaries’ changing needs.
  • Flexible Life-Interest Trusts – Similar to life-interest trusts, they are more flexible for trustees to access capital.
  • Protective Trusts – Designed to safeguard assets from claims like creditors or in divorce proceedings.

Why should I set up a will trust?

Setting up a will trust offers many benefits, including:

  • Protection – Keeps your assets safe from external claims.
  • Tax benefits – Can reduce inheritance tax liabilities.
  • Control -Specifies how and when your assets are distributed, maintaining influence over their use after your death.
  • Support for vulnerable beneficiaries – Helps those who cannot manage money directly.
  • Preservation of benefits – Ensures that a beneficiary’s government benefits are not jeopardised.
Contact Spencer Churchill to get help with your will trust

At Spencer Churchill, we work closely with you to make setting up a will trust a smooth and stress-free process.

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Will trust legal expertise

Do I need legal expertise when setting up a will trust?

Creating a will trust requires careful legal guidance. Working with legal experts who specialise in estate planning ensures your will trust is in line with your intentions and legal standards.

Can I just name the beneficiaries in my will trust?

While you can name beneficiaries in your will trust, detailing how and when they receive their inheritance requires careful planning and clear instructions so your wishes are carried out correctly.

My will and my trust conflict – what do I do?

If there is a conflict between your will and your trust, it’s important to resolve it to avoid legal complications. Our legal professionals can help clarify your intentions so your will and trust work together smoothly.

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