Do you have a question about your will?  Yes, I have a Question

A Modern Solution for Modern Families

A Modern Solution for Modern Families

Family Trust Will

Preserving your Assets for your Family

A Family Trust Will is a very modern, flexible will structure, which allows you to protect your assets for the benefit of successive generations of your family in turn.

The traditional one-size-fits-all approach of leaving everything absolutely to one person or class of people, wasn’t designed for the way we live our lives and love our families today.

The Family Trust Will provides the flexibility that’s needed in order to provide a complete solution.

Here are some of the ways a Family Trust Will can be of real long-term benefit you and your family: -

How it Works

When you make a Family Trust Will, the first thing you do is appoint at least two trusted people to be your executors. You might, for example, appoint your other half, your adult children, a trusted friend, your accountant, your solicitor or your business partner.

Next, you give your executors the additional role of acting as your Trustees.

Next, you leave your assets to your Trustees, to look after on behalf of your Beneficiaries.

Your Beneficiaries are, typically, your other half, your children, and the following generations of your family.

Your Trustees have virtually all the same decision-making powers over your assets as if they were full owners. The big difference, however, is that everything they do and every decision they make must be in the best interests of your beneficiaries.

This arrangement can last for up to 125 years from the date of your death, benefiting multiple generations of your family. However, it can also be brought to an end and the assets divided equally between the relevant generation of Beneficiaries, if there is a good reason to do so.

The result is that your spouse, children and subsequent generations can have access to the assets for their comfort and welfare, but because those assets are never in their name, the assets cannot be taken from them by outside claimants such as creditors, ex-spouses or the local authority.

A Family Trust Will costs £540 for a single person and £795 (less than £400 each) for a couple.

 

"We decided to seek advice about estate planning because we wanted to understand how to efficiently protect our assets and pass them safely to our children and grandchildren. We also wanted to put as much help in place for our family as possible, so as to make things as easy as possible for them when the time comes. We liked Gina’s patient and diligent manner in answering our questions and guiding us to the right solutions. Gina explained everything to us with great clarity, making concepts we were unfamiliar with accessible and clear. We particularly liked the fact that Gina came to see us in our own home without our having to make a special request; this is just the way she works. It was so much easier for us to relax and talk freely in the comfort and privacy of our home. Having put the right estate plan in place we feel that we have ticked a big box. This was something we knew we had to get round to. Now it is done and sorted and we don't have to worry about it anymore. We have also gained a clear understanding of the measures that have been put in place and why they are important. "

Matt & Betty R

Read More Testimonials