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Trusts

Why Set Up a Trust?
 

Trusts are not just for the wealthy. They’re a powerful estate planning tool that can:

  • Protect your assets from future risks, such as care fees or remarriage, by using an asset protection trust

  • Ensure your estate passes to the right people at the right time

  • Provide support to vulnerable or young beneficiaries

  • Offer potential cost and complexity savings when passing on your estate.

Property trust

A Property Trust allows your share of a property, usually your home, to be protected within your Will.

When you pass away, your share is placed into a trust rather than passing directly to your partner. They can continue living in the property, but your share is preserved for your chosen beneficiaries, often your children, at a later date.
 

This type of trust is commonly used to:

  • Protect your share of the property

  • Support a partner while safeguarding inheritance

  • Help in blended family situations
     

In simple terms:
It ensures your loved one has a home for life, while your share of the property is protected for the future.

Image by Annie Spratt

Life Interest Trust

A Life Interest Trust allows you to provide for someone during their lifetime, while protecting your assets for others in the future.

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When you pass away, assets are placed into a trust. A chosen person — often a partner — can benefit from them (for example, living in a property or receiving income), but they do not own the assets outright. When they pass away, the assets then pass to your chosen beneficiaries, such as children.

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This type of trust is commonly used to:

  • Support a partner while protecting inheritance

  • Help in blended family situations

  • Maintain control over where assets go in the long term

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In simple terms:
It allows you to look after someone now, while ensuring your assets go to the right people later.

Family Gardening Together

Discretionary Trust

A Discretionary Trust gives your chosen trustees the flexibility to decide how your assets are used and who benefits from them.

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Instead of fixing exact shares, you set out a group of potential beneficiaries (such as children or grandchildren), and your trustees decide when, how, and how much each person receives based on their circumstances at the time.

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This type of trust is commonly used to:

  • Provide flexibility for changing family or financial situations

  • Protect vulnerable or younger beneficiaries

  • Help manage complex family arrangements

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In simple terms:

It gives trusted people the responsibility to make the right decisions about your assets, based on what’s needed in the future.

Image by Hoi An Photographer Fernandes Photographer
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