So what is a Trust? There are 2 main types of Trust. A Trust can be created either during your lifetime or upon your death. Examples of when a LIFETIME TRUST would be appropriate:You wish to remove asset value from your estate to avoid Inheritance Tax (IHT); and/or You would like to make a gift to someone …
Trusts – A Little Knowledge is Dangerous
Beware the curse of advice casually provided by a self-taught “expert” at a bus stop, in the pub or over the garden fence. A few years ago, I advised married clients to incorporate protective “Trusts” in their Wills. The purpose being that in the event of the first death, the survivor would benefit fully from …
Can I Protect my Inheritance from a Divorce Settlement?
Provided that a divorce is not already anticipated when you inherit from a Will or under the Law of Intestacy, you can voluntarily protect your inheritance against such a future threat. The exact same opportunity also exists in relation to future care fees assessment, vulnerability due to loss of mental capacity, or any other third-party …
Can I Protect my Inheritance from a Divorce Settlement?Read More
TRF Wills (TRF) was created by Michael Cotterill in 2005. He is a member of the Society of Will Writers and registered with the Information Commissioner’s Office.