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Creating & Managing Trust planning services

A trust is a way of managing assets including: money, investments, land or buildings. There are different types of trusts and can be taxed differently.

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Trusts and How They Work

Trusts are legal arrangements that come in two main types: “Will Trusts” and “Living Trusts.” Will Trusts are created through a last will and testament, activating upon the individual’s death to manage asset distribution as specified in the will. Living Trusts, established during one’s lifetime, enable the transfer of assets into the trust for ongoing management, either revocable or irrevocable. Depending on specific goals, trusts go by different names like Charitable Trusts, Special Needs Trusts, or Asset Protection Trusts, tailoring the structure to meet individual needs. These instruments play a crucial role in estate planning and trust planning services, offering flexibility and control over asset distribution according to the grantor’s wishes.

Bare trusts

Interest in possession trusts

Discretionary trusts

Protected Property Trust

Non-resident trusts

Family Trust Planning

Accumulation trusts

Mixed trusts

Settlor-interested trusts

Trust Deed

Right to Occupy Trust

Vulnerable persons Trust

Flexible Lifetime Interest Trust

Flexible Lifetime Interest Trust (Will Trust)

Protects the Home, Cash, and Possessions. With our Online will planning and writing and trust planning services, we change the ownership of the property from “Joint Tenants” to “Tenants in Common”. The Will then directs that the share of the property, cash and possessions is passed into a “Flexible Lifetime Interest Trust” which then does five jobs.

  • Provides a Life Interest to the surviving spouse or partner, making them the life tenant.

  • Allows the Life Tenant access to capital and Income as needed

  • Guarantees the ultimate beneficiaries will receive whatever remains of the share on second death

  • Ring fences that asset from third party attack (Creditors, 2nd Partners and local authority)

  • Further Trusts can be set up for beneficiaries if that beneficiary was suffering either a financial or health crisis.

Protected Property Trust

  • It is an enhanced Will that offers Protective Property Trust planning by ensuring that on the first death, that share is protected from interference by third parties.

  • That share will also be protected from assessment for care home fees thanks to Estate Planning Services should the surviving owner require care in the future.

  • It's designed to enable joint owners to be more flexible with their share of the property enabling them to pass it to someone other than the joint owner.

  • If the current joint owner remarries or decides to gift their share to someone else then your share is fully protected for your beneficiaries thanks to Protective Property Trust planning.

  • This means that if the surviving owner needs residential care or gets into financial difficulties, then the first share of the property is protected and will not be assessed or at risk.

Family Trust

  • As part of our Family trust planning, once the Trust has been created, you can use it to 'ring-fence' your assets. Most people will protect their home and their savings, leaving capital in their bank or other savings accounts for ongoing living expenses. Income from savings protected within the Trust can be paid directly into your bank account to supplement income from earnings or pensions.

  • Just like a safety deposit box, assets can be added and removed from the Trust during your lifetime. If you have large expenses that cannot be met out of normal income, like a new car, holiday, or house repairs, the appropriate sum can be transferred to your bank account from the Trust set up as part of our Family trust planning services.

Discretionary Trust

  • My Discretionary Trustees shall hold the Trust Fund upon the following trusts:

  • For not more than 125 years from my death to apply the capital of the Trust Fund for the benefit of such of my Beneficiaries as my Discretionary Trustees think fit.

  • To apply the income of the Trust Fund for the benefit of such of my Beneficiaries as my Discretionary Trustees think fit or to accumulate the whole or any part of it.

  • Within 125 years of my death to end these trusts by distributing the Trust Fund among such of my Beneficiaries as my Discretionary Trustees think fit.