When planning your estate, you may find that a simple Will doesn’t cover all your needs. Perhaps you want to protect assets for future generations or provide for a loved one while maintaining control over the final distribution of your estate. This is where trusts come in. At A.D.E Wills, we’re here to help you navigate these complex decisions with ease and confidence.
Why Include a Trust in Your Will?
Trusts offer flexibility and control that standard Wills can’t always provide. They can:
– Protect assets for children or vulnerable beneficiaries
– Ensure a spouse has a place to live while preserving assets for other beneficiaries
– Offer tax planning benefits
– Provide ongoing financial support to loved ones
Types of Will Trusts We Offer
1. Life Interest Trust (£100)
A life interest trust allows you to give someone the right to benefit from an asset (like living in a property) for their lifetime, while preserving the asset for other beneficiaries after their death. This is often used to balance the needs of a current spouse and children from a previous relationship.
2. Discretionary Trust (£150)
With a discretionary trust, you give trustees the power to decide how and when to distribute assets among a group of potential beneficiaries. This offers maximum flexibility for changing circumstances.
For discretionary trusts, we strongly recommend including a Letter of Wishes (additional £75). This document, while not legally binding, provides crucial guidance to your trustees about how you’d like the trust managed.
Our Trust Inclusion Service
At A.D.E Wills, we believe in transparent, fixed-fee services. The prices above are for adding trusts to your Will and do not include the cost of the Will itself. Our team will work closely with you to ensure your wishes are accurately reflected in both the Will and any trusts.
We will only recommend a trust, if it is genuinely relevant or useful, having considered your wishes. We will mention their applicability and allow you to make an informed decision as to whether it would be suitable, considering your family situation too.
How to Request a Trust in Your Will
When using our online Will writing service, we can discuss the usefulness, relevance and applicability of trust options in your Instructions Meeting. This is the perfect place to mention your interest in including a trust.
Alternatively, you can reach out to us directly to discuss trust options before starting your Will.
Why Choose A.D.E Wills?
Our dedicated Wills team goes above and beyond for each client. We understand that every Will is unique, which is why we offer personalised service while maintaining transparent, fixed fees. Our comprehensive approach ensures all your wishes are effectively included in your Will.
Contact Us
Ready to get started or have questions? We’re here to help. Call us on 01865 507174 or email us at info@adewills.co.uk. Our team is always happy to discuss your needs and guide you through the process of creating a Will that truly reflects your wishes.
Remember, planning for the future can be complex, but with the right guidance, you can create a Will that provides for your loved ones exactly as you intend. Let A.D.E Wills help you craft a Will that brings you peace of mind.
