Trust Planning

What is Trust Planning?

Trust planning is a process of protecting your assets for the benefit of your loved ones. A trust can clearly set out how your property and finances should be handled during your lifetime or after you've passed away, giving you greater control and peace of mind.

Why Create a Trust?

• Protect Your Family: Secure assets for your children or grandchildren's future.
• Reduce Inheritance Tax: Minimise the inheritance tax burden for your beneficiaries.
• Avoid Probate Delays: Assets held in trust bypass the lengthy probate process.
• Maintain Privacy: Trusts keep your financial matters private, unlike wills.

Types of Trusts We Offer

• Family Trusts: Protect family assets across generations.
• Property Trusts: Safeguard your home and property assets.
• Discretionary Trusts: Allow trustees flexibility in asset distribution based on your guidelines.
• Lifetime Trusts: Effective immediately during your lifetime for greater control.

Common Trust Planning Questions

• Is a trust only for wealthy people? No, trusts can benefit anyone looking to secure assets or control their distribution.
• Can I still access my assets once in trust? Depending on the type of trust, you can retain control and access your assets if structured correctly.
• Is setting up a trust complicated? With our professional guidance, creating a trust is straightforward and stress-free.

How We Make Trust Planning Easy

At My Local Will Writer, we simplify trust planning by clearly explaining your options and guiding you through each step:

1. Initial Consultation: We listen carefully to understand your needs.
2. Personalised Trust Creation: Our team drafts documents tailored specifically to your situation.
3. Support and Guidance: We'll be available for ongoing advice and support whenever you need us.

Trust Planning in Action: An Example

John and Linda wanted to leave their family home to their children but worried about inheritance tax and care costs. After speaking with us, they set up a family trust. This trust protected their home, ensuring their children would inherit as intended, while also potentially reducing inheritance tax liability and protecting against future care fees. Trust planning gave John and Linda peace of mind about their family's future.