Will Trusts Explained

A Will Trust is created when you prepare a Will and place property or assets into a Trust for a chosen Beneficiary or Trustee.

It allows you to have more control over what will happen to your property or assets after you die. Rather than going to a Beneficiary for them to deal with as they please, it will fall into the Trust and be dealt with in accordance with that Trust.

A Trust can be used to protect assets and make sure that they go to a Beneficiary of your choice. For example, you may wish to place funds into a Trust that will pay out an income during the Beneficiary’s lifetime. Once they have died the Trust can come to an end and any remaining funds be paid to ultimate Beneficiaries of your choice. This allows your Beneficiary to benefit from the assets without legally owning them or being responsible for any debts or payments relating to them.

There are different types of Trusts that can be put into a Will. If this is something that you are thinking about doing, then it's important that you get some legal advice to ensure that the Trust is properly created.

Our Wills, Trusts and Probate Solicitors in Rochdale can answer any questions you might have - give them a call on 01706 644187.