Property, investments, savings and valuable items such as antiques and paintings can all be passed into the ownership of family trust for the benefit or your spouse, children, and grandchildren.
You will still retain control over the assets as a principal beneficiary, and income from the trust can be paid directly into your bank account to top-up money from earnings or pensions.
There are numerous ways the value of your assets can be diminished over time, and a family trust is a cost-effective way of preventing this from happening.
If you suffer a large financial loss or run into debt, a family trust can protect your property and other assets from being claimed by your creditors. A family trust can even protect your estate in bankruptcy, as long as the trust is written far enough in advance.
A family trust can protect your children’s inheritance if you remarry or enter into a new long-term relationship, and the ties subsequently break down.
You can ensure that assets passed to your own children pass directly to your grandchildren on your child’s death. This prevents your wealth being transferred to a son-in-law or daughter-in-law, who if they remarried, could disinherit your bloodline.
Probate is required on all estates with assets over £5000. It can take up to 6-months to manage probate if you have a will — and if you do not have a will — it can take up to 2-years. However, property and assets owned by a family trust are not subject to probate and can be distributed straight after death while relieving you of debilitating probate costs.
You can lock away funds in a family trust to help with schooling, university fees, or even provide a deposit to help your children get on the property ladder in the future. Assets can be added to trust and made available to your children a certain age, usually 21-years old — and if you and your spouse died while your children were minors, an executor could administer the trust on their behalf.
Inheritance tax can be minimised for future generations if you place your assets into a family trust.
If you lose mental capacity and are no longer able to make important decisions, the assets in your trust can be managed by a trustee on your behalf.
Assets can be moved back and forth from the trust as needed to help maintain the quality of your life.
Creating a family trust doesn’t need to be a complicated exercise. We can assess your personal circumstances and make appropriate recommendations to provide the best protection. Call us on 01273 385833 to learn more.
I would highly recommend Brighton Wills to anyone, who like myself, needs support and guidance in dealing with legal and administrative matters. Throughout the process Jane was personable, patient and understanding and went the extra mile to ensu…
I have recently made my will with Brighton Wills and Trusts. From my first enquiry to the signing of my will, Jane has been professional. helpful but most of all, totally approachable.I knew roughly what I wanted to do with my property and belong…
Brighton Wills was a real find – a specialist will-writer – just what I needed. Jane Amos was lovely to deal with, and her advice invaluable; for example, she instantly recommended a Vulnerable Persons Trust for a beneficiary who was receiving St…
Excellent service and a very quick and expert delivery,, Thankyou Jane Amos.
I’ve changed my will 3times now and each time Jane was very professional but friendly too,,the print out in a booklet was beautifully done too.
Brighton Wills have been marvellous. They have listened, guided and been incredibly patient. I asked a lot of question, which were answered with absolute clarity. I can now rest easy knowing that mine and my husband’s wills are now in order. A hu…
I can highly recommend Brighton Wills. After explaining our requirements, for what my wife and I thought would be a very complicated will, Jane Amos listened and explained our requests could be written very simply with no complications. All our q…
Hi, l found Brighton Wills excellent, in fact beyond expectations.
Jane Amos was very understanding and concise with requirements, dealing quickly with the matter and at a reasonable price, thanks Mike
Jane Amos met us on zoom and talked through the process. She was the consummate professional and, after a bit of back and forth by email, produced the draft of wills for myself and my wife. Followed up with a nicely produced bound version. All ve…
My husband and i found the whole will writing process very professionally handled . The advice we received was informative and useful. Jane was extremely helpful and dealt with all our requests expertly.
Jane and Mark of Brighton Wills are both professional and friendly putting you at ease whilst guiding you through the process of writting your will, which both my partner and I thought would be quite a daunting process. This was not the case, we …
A very prompt and efficient service, Jane was with my wife and I for less than one hour
In which time she explained very clearly the areas we needed to consider when writing
our wills Thank you Jane
I called Brighton will on Sat ( expecting to leave a voice message and call back on Mon ) and to my surprise met Jane an hour later. From then, my entire experience was easy, efficient and stress free.
Few days later I received my Will copy!…
Mark and Jane offer such an easy and simple Will Writing service. Hassle free and wonderful to work with, highly recommended.
Very helpful, efficient, friendly and prompt. Made the experience easy to understand. Would highly recommend Brighton Wills to everyone.
Extremely happy with the service from Brighton Wills.
Very professional and made the whole process stress free.
Would highly reccomend!
Thank you, Jane and Mark!
My family and I dealt with the company and the service provided was a cut above the rest. They are both so helpful, friendly, professional and efficient. Would recommend their services to everybody!
Five star service from start to finish .Jane is extremely professional and knowledgeable. I have been very impressed with her work and her prompt response when I asked her to make some amendments to my will several months after it had been finali…
My wife and I cannot speak highly enough of Jane and Mark.
Highly capable, professional and make everything bespoke and fully contextualised to one’s needs and the needs of one’s family.
Highly competitive fee structure – they a…
Easy to deal with, trustworthy and professional. Just great people! All my affairs are in order and it’s a big weight off my mind. I’d highly recommend Brighton Wills.
Excellent will writing experience! Jane and Mark were super friendly, efficient, informative and kind. Brighton Wills also have very reasonable pricing. I’d definitely recommend them to anyone who needs to sort their wills out. It was a really qui…
Passing without a will in place could leave your loved ones facing financial hardship, unbearable pressure and mounting legal fees at a time of mourning. A will helps protect your assets and relieves the debilitating worry your family could face.
Did you know that over 850,000 people in the UK are affected by dementia? Loss of mental capacity could leave you unable to access your bank account, pay your bills and maintain your home unless you have prepared a lasting power of attorney.
Probate can often seem overwhelming so close to bereavement, and the process can appear confusing, time-consuming and complicated. We can apply for a grant of probate on your behalf and administer the probate forms to relieve the pressure.
A Family Trust can be a simple way to protect your assets and put your family first. It lets you choose how to benefit your family during your lifetime and makes critical provisions should you die. Assets can be diminished over time, and a Family Trust is a cost-effective way of preventing this from happening.