Will Trusts & Lifetime Asset Trusts
- Would you like to be able to protect the assets that you have worked hard for throughout your lifetime?
- Do you want to make sure that your loved ones will actually inherit your assets?
- Have you heard of sideways dis-inheritance and how it can affect your family inheritance?
- Would you like to know about Care Fee costs and how this can affect your loved ones?
The WillMaker Group has been protecting families and their inheritance’s by putting planning in place to make sure that what the client wants to happen, actually does. Our Experts can save your loved ones thousands of pounds in lost inheritance.
Establishing a Trust in your Will or a Lifetime Asset Protection Trust, can be extremely valuable in Estate Planning terms for a number of different reasons.
When it comes to protecting assets and controlling the distribution of your estate, will trusts and lifetime asset trusts and settlor excluded trusts are an essential estate planning tool and we at The WillMaker Group can provide a variety of different solutions depending upon you’re your own unique personal situation and what you want to make sure happens.
There are very valuable reasons for establishing Trusts in your Will. Protection from Sideways Dis-inheritance ensuring that your children are not disinherited through remarriage after your death, and ensure that they are protected from subsequent divorce settlements too. Protection from care home fees, meaning, should a surviving partner become infirm and need to go into long term care, funds in trust would not feature in terms of Local Authority means testing.
In addition to will trusts, we offer a variety of lifetime asset trusts which have many protection benefits for couples and singles. All trusts are set up by SRA regulated trust solicitors and they can also offer professional trustee services. A Lifetime Trust is set up now (in your lifetime) to help your estate planning and allow you to gift assets to loved ones whilst retaining control.
In terms of saving Inheritance Tax, by putting funds into a Trust, you can ensure that your children benefit without running the risk of the fund creating an additional Inheritance Tax burden on their estates in the future. The trust can also protect the assets from any future relationship breakdowns and credit issues.
In some circumstances, we can use certain types of asset protection trusts to help reduce or negate a potential inheritance tax liability, potentially saving our clients loved ones thousands of pounds.
If you would like to learn more about how Trusts can save your loved ones thousands of pounds then please click below to speak with one of our expert trust, will writing and estate planning team.