Creating a trust in your Will for a child or grandchild
In this article I review some of the types of Will trust for minors, who can use them, the taxation rules for each, & things you might want to consider.
In this article I review some of the types of Will trust for minors, who can use them, the taxation rules for each, & things you might want to consider.
If you have made an appointment with me to make a Will and/or Lasting Powers of Attorney, you might be wondering what it will be like! I hope that this article provides a good overview of what to expect when making a Will with me.
If Johnson’s social care changes come into effect, will you still need to include a Trust in your Will to protect inheritance?
I explain Mirror Wills & whether they should be avoided. I also look at a safer Will structure, and the concept of Mutual Wills.
Many people ask whether it is possible to shelter their assets from care home fees, perhaps by putting them into trust or gifting them away. I look at what really is possible, within the law.
I look at what a Bloodline Will is, who it is suitable for and the advantages and disadvantages of this type of Will.
Alongside your Will, having a Lasting Power of Attorney (LPA) in place is an essential step for future planning and peace of mind.