Tel: 01384 878950 / 0121 455 9599 

TRUSTS 

WHEN YOU NEED SOMEONE YOU CAN TRUST... INHERITANCE MATTERS. 
 
Setting up a trust is a process that requires careful thought and attention. At InHeriTance Matters we have experience and know-how from which you can benefit, if you are considering setting up a trust. We will ensure that you are fully informed and help you to make the right decision so that you can rest easy and assured that your future and those around you is secured exactly as you would wish. 
 
There are occasions where it might be advisable to include a trust either within or outside a Will but, in essence, trusts are usually introduced to protect or preserve assets so that: 
 
Beneficiaries are appropriately provided for 
Inheritance tax may be mitigated 
Assets are protected for family members 
 
There are a wide variety of trusts. We will advise you as to which best suits your personal circumstances. As an example, here are some of the trusts available. 
CHILDREN'S TRUST - This type of trust is set up to provide funds for children who have lost one or both parents. 
LIFE INTEREST TRUST - This type of trust gives a beneficiary a right over an asset (usually property), or an enjoyment of that asset or property during their lifetime. 
DISCRETIONARY TRUST - This type of trust is most commonly used in inheritance tax planning. A discretionary trust gives flexibility to the chosen trustees who are, in addition, responsible for the investment of the capital. An advantage of this type of trust is that it does not form part of the estate of the beneficiary. 
DISABLED TRUST - This trust enables trustees to look after the needs of a disabled beneficiary. This type of trust does not affect disability benefits. 
 
A trust is a legal agreement in which property is transferred from one party to be held by another for the benefit of a third party. At InHeriTance Matters we advise that you think carefully before you set up a trust - and we have the experience and the know-how to ensure that you make all the right choices for yourself and those who matter to you. 
 
Call us on 01384 878950 and find out for yourself how you can trust us to take things forward. 

PROTECTIVE PROPERTY TRUST WILLS 

PROTECT YOUR PROPERTY AND THOSE WHO MATTER TO YOU. 
 
Most couples own their home jointly, known as a joint tenancy. This means that they both own the whole property. On the death of a joint tenant, the home AUTOMATICALLY becomes the sole property of the survivor - who is then free to do what they wish with it. However this may not be in the best interests of the deceased's family: 
 
If the survivor then remarries, it is possible that the whole of the house will then pass to their new spouse on their death, thus disinheriting the children of the first marriage. 
 
or 
 
If the survivor has to go into a Nursing or Residential Home, as the sole owner of the property, the Local Authority has powers to charge the cost of care against the value of the whole house, again disinheriting the children. 
 
or 
 
If the couple have children from a previous relationship and have made Wills leaving everything to each other on first death and then to the children they have between them on second death, there is nothing to prevent the survivor redrafting their Will and disinheriting the children from their deceased partner's first relationship. 
 
A solution can be to change the way the home is owned from Joint Tenants to Tenants in Common - a straightforward process that doesn't involve the mortgage company even if the property is mortgaged. 
WHAT DOES 'TENANTS IN COMMON' MEAN? 
 
With Tenants in Common, each owner owns a share of the property. 
 
Each owner can decide to leave their share to named beneficiaries in the event of death. This has a number of benefits. For example, by being able to protect your bloodline, you are ensuring that, if your spouse were to remarry, your wealth does not pass down another line of family. 
 
For more information about Tenants in Common and Protective Property Trust Wills, call us on 01384 878950. 
 
INHERITANCE MATTERS CAN HELP YOU ENSURE THAT YOUR HOME IS PROTECTED FOR YOUR BENEFICIARIES. CALL US TODAY ON 01384 878950 AND SEE HOW INHERITANCE MATTERS CAN HELP YOU WITH YOUR PROTECTIVE PROPERTY TRUST WILL. 
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