There are several reasons as to why you may want to create a trust in your will
For example, if you want to leave money to someone who cannot manage their finances or is in receipt of means tested benefits or if you want funds to be used only for a specific purpose.
You can appoint one or more people or even a company to be the trustee/s. The trustee/s control the money or assets (the trust property) which is to be used for the benefit of the person/s you have chosen (the beneficiaries).
It is paramount, when setting up a trust in your will, that the wording used is clear and precise so that there is no confusion as to who the beneficiaries are, what the trust property is and how the trust property is to be used.
Our probate team are experts at creating trust within your will. If you wish to discuss creating a trust within your will, please contact our team by emailing email@example.com or calling us on 020 3440 8000.