Trusts

A will trust is additional legal wording within your will which enables your estate to be safeguarded for your beneficiaries after your death. Assets like your property or money can be secured for a particular purpose and time, such as until a beneficiary is old enough to inherit.
 

How does a trust protect the beneficiary?

A discretionary will trust enables you to provide for loved ones after you’ve passed away. You nominate two trustees to manage the trust fund and leave specific instructions as to how and when the money is to be used for each beneficiary.

With a discretionary will trust, you can request the money to be spread out over a period of time, or paid at a particular time, for example, an eighteenth birthday. This type of trust is suitable for many people, including:

A interest in property trust safeguards your partner by changing the way you own your house. Each partner will own a proportion of its value, rather than both owning 100% of the property together.

Each partner will then be able to bequest their percentage of the property as they see fit – safeguarding some of your loved-ones inheritance, but still enabling your partner to remain in the property even if you leave your share to someone else. This type of trust is suitable for many people, including:

At Key, our personal service and bespoke estate planning solutions give you the help and expertise you need to make sure you’re fully prepared, no matter what the future holds. Here's an idea of what you can expect with Key's estate planning service.