Why do I need a Will Trust? Property Protection Trusts or Family Trusts within your Will can significantly benefit your Estate Planning, allowing for extra layers of protection and control.
You may wish for example to ensure that a particular person can stay in your property for a defined period of time after you die – or indefinitely.
Equally, you may be concerned about potential care home costs (the value of your house can be included in local government means-testing if it is not protected), the impact of a divorce, or future claims against the estate by people you have purposely excluded. All of these scenarios and more can be addressed by building in a trust within your will planning.
If you have vulnerable or disabled beneficiaries – children or adults – you will want to ensure that their needs are properly taken care of and that they will not be subject to any claims against the estate. A trust may be the most suitable legal vehicle to protect these concerns.
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