A Will Trust Is A Secure Way to Protect Your Assets & Family

Your estate includes your property, possessions, savings and investments

What is a Trust?

Will Trusts can be standalone documents or included in a Will. They are legal arrangements that protect assets like property or money for beneficiaries. A Will Trust ensures these assets are managed properly while also safeguarding them from Local Authority means testing if a surviving partner needs long-term care.

A Will Trust offers more control and protection than a standard Will. It can:

✔ Protect a surviving partner while ensuring your property goes to your children.
✔ Reduce inheritance tax through a Discretionary Will Trust.
✔ Provide long-term security for your loved ones.

How do Trusts work?

Trusts can also provide long-term financial security for family members with learning disabilities. A Discretionary Trust is often used to support a disabled child, ensuring their needs are met throughout their life.

One major benefit of a trust is that assets placed in it do not legally belong to the donor, parents, or the beneficiary. This means the funds are not counted when assessing eligibility for state benefits like Income Support or local authority care funding.

Trusts can cover essential and extra expenses, such as holidays, clothing, household items, or specialized equipment. A trust can also hold, manage, and maintain a family home, ensuring long-term stability for the beneficiary.

Types of Will Trusts & Their Benefits

Depending on your needs, different types of Will Trusts can be created:

Discretionary Trusts

✔ Flexibility for Beneficiaries – Trustees decide how and when assets are distributed.
✔ Asset Protection – Helps protect funds from creditors or potential divorce settlements.
✔ Control Over Inheritance – Beneficiaries only receive what is appropriate based on their situation.

Life Interest Trusts

✔ Financial Security for a Partner or Spouse – The surviving partner can use the assets while alive.
✔ Preserves the Estate for Future Generations – Assets pass to chosen beneficiaries after the spouse’s death.
✔ Protects Against Care Home Fees – Prevents a surviving spouse from using all assets on care costs.

Property Protection Trusts

✔ Prevents Forced Home Sale – Protects property from being sold to cover care costs.
✔ Ensures Inheritance for Children – Keeps assets within the family and secures their future.
✔ Ideal for Couples – Provides living arrangements for a surviving partner while ensuring children inherit.

Bare Trusts

✔ Assets Held for Minors – Used to manage funds until beneficiaries reach a specified age.
✔ Tax Advantages – Certain trusts have tax benefits, depending on individual circumstances.
✔ Simple & Effective – Assets are directly passed to beneficiaries at a pre-determined time.

Why Should You Consider a Will Trust?

Ensuring Your Estate is Protected

“A Will Trust ensures your assets are used exactly how you intend—whether to protect your home, provide for loved ones, or safeguard wealth from unnecessary taxation.”

Reducing Inheritance Tax

“Certain trusts can reduce tax liability, meaning more of your wealth is passed to beneficiaries rather than HMRC.”

Preventing Family Disputes

“With clear instructions and designated trustees, a Will Trust helps avoid inheritance disputes among family members.”

How We Help You Set Up a Will Trust in Northampton, Milton Keynes, Bedford & Across the UK

✔ Face-to-Face Consultations – Available in Northampton, Milton Keynes, and Bedford.
✔ Remote Consultations – Nationwide service via Zoom or phone calls.
✔ Expert Legal Advice – We ensure your trust is correctly structured and legally sound.
✔ Comprehensive Estate Planning – Integrated with Will writing and Lasting Power of Attorney services.

How to Set Up a Will Trust – Our Process

Step 1: Free Consultation – We discuss your estate planning needs and explain the trust options.
Step 2: Drafting the Trust – We prepare a customized Will Trust based on your wishes.
Step 3: Legal Formalities & Signing – Ensuring the document is legally compliant.
Step 4: Ongoing Trust Management Support – We assist trustees in managing the trust effectively.

Common Questions About Will Trusts

Who Should Consider a Will Trust?

“A Will Trust is ideal for homeowners, families with young children, and those wishing to control how their assets are used after their passing.”

Can I Change a Will Trust?

“Yes! Will Trusts can be amended or revoked if your circumstances change, ensuring flexibility in estate planning.”

Does a Will Trust Avoid Probate?

“Not entirely, but it can streamline the probate process and provide clear instructions to executors.”

Secure Your Family’s Future – Book a Free Consultation Today

Take control of your estate and protect your family’s future. Whether you live in Northampton, Milton Keynes, or Bedford and prefer a face-to-face meeting, or you’re elsewhere in the UK and want a remote consultation via phone or Zoom, we are here to help.”

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📞 Call us at 07488 899316
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📧 Email us at info@callaghanwills.co.uk

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