Why you might need a Trust in your Will

If you own a business or part of a business you may want to consider using a Business Property Relief Trust in your Will. This may be to capture Business Relief against Inheritance Tax or as part of your succession planning.
Likely cost for solution: £460.00 for 2 wills and 1 trust, or £610.00 for 2 wills and 2 trusts.

Often it is difficult to think about how to prepare a Will that is fair to all parties in this situation. However if you jointly own a home you can organise a trust arrangement that will guarantee that your children will inherit from you, if that is what you want to achieve, as well as looking after your partner.
Likely cost for solution: £500.00- £550.00 for 2 wills and will trusts

Sometimes our beneficiaries need to be protected from inheriting at the wrong time. For example, they may be going through a divorce, a bankruptcy or other more serious problems such as drug or alcohol abuse that may result in their inheritance being swept away. This can be protected against.
Likely cost for solution: £610.00 for 2 wills and will trusts.

Local authorities now must do all they can to recover costs of long term care from your estate. There may be ways to reduce your exposure by limiting the available assets.
Likely cost for solution: £500.00 to £580.00 for 2 wills and will trusts.

It is possible to use trusts to pass assets or monies down the line to your children , grandchildren, or descendants yet to be born, thus avoiding a double dose of Inheritance Tax visiting your family after each generation die and are subject to Inheritance Tax yet again. This can save a great deal of unnecessary tax being paid.
Likely cost for solution: £610.00 for 2 wills and will trusts.

Standard mirror Wills take no account of this issue, but it is the classic way our beneficiaries or children can be disinherited. The simple act of a widow or widower remarrying will revoke their previous Will and under the Rules of Intestacy favour their new spouse, or they could rewrite their Will in favour of their new partner, effectively disinheriting your beneficiaries or your children.
Likely cost for solution: £500.00-£550.00 for 2 wills and will trusts.

Some of us have the additional dimension of thinking about our beneficiaries who may be vulnerable as children or adults and requiring special needs or being in receipt of State benefits. It is possible to create a trust so that the individual is protected against financial predators and ensuring any State benefits are not taken away.
Likely cost for solution: £610.00 for 2 wills and will trusts