Safeguard your loved one’s inheritance

Make a property protection trust will and protect your property for just £789

What does a trust will offer me?

Protection of assets

Your assets are free from potential issues in future, such as re-marriage, beneficiaries divorcing and future financial problems.

Inheritance tax savings

By leaving you assets in trust, your future beneficiaries will not need to pay Inheritance tax when they pass this on themselves.

Take control

Decide on how and when your money is spent. Use your money for education or property purchases, rather than it being wasted. Take care of grandchildren and other vulnerable beneficiaries

What is a trust will?

A will trust is simply a trust created within a person’s will. In this instance, the person who has written the will is the settlor of the trust, as it is their assets that they are choosing to place in the control of the trustees. The trustees will also be appointed within the will.
Trustees
Trustees can be one or more persons over the age of 18 or a corporate entity, who are appointed to administer the trusts created by the will.
Beneficiaries
The person creating the will shall also stipulate the beneficiaries of the trust. A specified beneficiary can be an individual or corporate body, such as a charity.

Additional benefits of a single trust will:

  • Assets are protected from future taxation

  • Assets are protected from any future divorce or financial problems

  • Choose how your money is spent in future (i.e. on property and education)

  • Gives vulnerable family extra protection and support

  • Make provisions for young children and grandchildren too

Additional benefits of a mirror trust will:

  • Assets are protected from future taxation

  • Assets are protected from any future divorce or financial problems

  • Choose how your money is spent in future (i.e. on property and education)

  • Gives vulnerable family extra protection and support

  • Make provisions for young children and grandchildren too

For joint property owners:

  • A severance of tenancy & excellent level of protection for your property

How much does it cost?

A single trust will costs £389 and a Mirror trust will costs £689.

Find out more about our will prices. 

Start your trust will in 3 simple steps

1. Getting Started

Book a call with one of our legal advisors at a date and time that works around you.

2. Writing the will

On your appointment, you will be guided through the drafting process by one of our expert legal advisors, making sure that you always understand and helping to build a will tailored to your needs.

3. Finalising your will

Once you’re happy with the Will, we’ll send it out for you to sign and make it legally-binding. Once signed and witnessed, your Will should be stored somewhere safe.

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If you get stuck at any point our team are just one click away to answer your questions.

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Top questions for Trust Wills

What is a Trust Will?
When preparing a will, the Settlor must choose people that they wish to leave their estate to, called beneficiaries. If a Settlor decides that they wish to limit their beneficiaries’ access to their inheritance, a Trust Will allows them to choose people to take care of your estate called Trustees.

  • Trust Will – Trust that can only be accessed by Trustees that the Settlor has chosen. These Trustees are given instructions on what the Settlor’s last wishes are, but can choose Beneficiaries, allocate inheritance and manage the trust at their own discretion.
  • Property Protection Probate Trust – The Settlor’s estate is immediately placed into a Trust before they pass away. The estate can still be accessed but its value is protected from probate costs, irresponsible spending by Beneficiaries and unexpected deaths from those due to receive inheritance.
What is a Settlor?

The person who wants to draft a Will is called a Settlor To prepare a Will, Settlors must have full mental capacity, be over the age of 18 and willing to register a will by their own decision and not because of outside influences.

What is an Estate?

An estate is the collective sum and value of an individual’s assets. These assets include properties, personal possessions, money and even family heirlooms that are left by the owner after they have passed away. When writing a Will, it is important to specify how the Settlor wants their estate to be managed by your Executors, as well as state what items or assets will be left to your Beneficiaries.

What is a Trustee?

A Trustee is someone chosen by a Settlor to safeguard their estate and control all assets placed into it. If a Trust is included within a Will, the Settlor’s Executors will manage the Will while their chosen Trustees will protect the Trust assets in the best interest of the Settlor and their Beneficiaries.

When choosing a Trustee, Settlor should always choose someone they trust to act in their best interest,  has full mental capacity, be over the age of 18 and well-informed about what duties they are required to carry out.

What is a Beneficiary?

A Beneficiary is someone who is eligible to receive some form of inheritance from a Settlor’s estate after being named in their Will. Beneficiaries can be chosen from anyone the Settlor wants to give their estate to, with the most common choices being their children, grandchildren, siblings or even charitable organisations.

While Beneficiaries can be chosen regardless of their age, a Settlor can decide when a Beneficiary under the age of 18 can access their inheritance. If this decision is made, a child named as a Beneficiary will have their inheritance placed into a Trust and managed by Trustees named in the Will.

When does a Trust Will start?

Depending on the type of Trust Will being used, a Trust can start immediately after being signed if an LPPT is being used or after the Settlor’s death and all assets within their estate have been administered. At either point, full control of the Settlor’s estate is then transferred to their chosen Trustees.

Why is a Trust Will so important?

Trust Wills are an excellent method of protecting a Settlor’s share of a property for their Beneficiaries in the event that they die but their partner remarries. Should the surviving partner remarry, the deceased’s share of the property is placed into a Trust and cannot be accessed by anyone except the Beneficiary once the surviving partner passes away too.

  • Discretionary Trust Wills can be a great way of preserving inheritance for Beneficiaries who are too young or irresponsible to immediately receive valuable assets, using Trustees to restrict access until the Beneficiaries are old enough or financially responsible enough to access their inheritance.
  • Lifetime Property Protection Trusts are similarly useful as they can protect a Settlor’s property and financial assets placed into a Trust from outside interference that can reduce the inheritance that Beneficiaries are entitled to. From the moment that the Trust is signed, a Settlor’s assets can still be used throughout their lifetime while they are simultaneously protected from unexpected costs and fees.
How do I cancel a Trust Will?

A Settlor can choose to revoke their Trust Will at any time,as long as the original Trust document allows this outcome. If not, then the Settlor must receive court approval to revoke the Trust, showing evidence that the Trust was registered due to: 

  • External influences such as Beneficiaries or Trustees.
  • A mistake on the part of the Settlor, either that they didn’t know what they were signing up for or that they lacked the mental capacity to sign. 
  • Fraudulent behaviour, either from the Settlor or their Trustees.
  • If the court rules that any of these factors influenced the creation of the Trust, then the document is declared null and void.
How do I set up a Trust Will?

Trust Wills are very important legal documents that need to be crystal clear in their wording and breakdown of Trustee nominations, assets placed within the Trust and chosen Beneficiaries. Because of this, it is highly recommended that those interested should seek professional advice from solicitors to make sure that their Trusts are ironclad documents immune to manipulation or interpretation.