Annuity Trust
What is an Annuity Trust?
An Annuity Trust is an excellent way of ensuring that your financial obligations prior to your death are met and continue after you die.
For example, ongoing maintenance payments for children or charitable commitments. The Trust ensures that regular amounts continue to be paid as per your wishes.
Legal & Contract Services Ltd have an array of friendly and personable staff, who come with expert knowledge, innovative thinking and excel in creating comprehensive Annuity Trusts for our clients.
An Annuity Trust is one of a number of possible Trusts that can help you. Writing an Annuity Trust into your Will allows you to stipulate how much is to be paid and to whom over a set period of time.
Annuity Trusts are generally used to ensure that maintenance payments for children or ex-partners continue and charitable donations continue after you die.
Trust FAQs
What is the purpose of a trust?
How does a trust Work?
Who Creates a Trust?
What is a Trustee?
Trusts offer a means of holding and managing money or property for people who may not be ready or able to manage it for themselves. Trusts can protect your assets, such as your home. They can help ensure that your assets are passed on in accordance with your wishes after you die.
A Trustee should be appointed to legally manage and administer the Trust in accordance with the wishes of the person creating the Trust.
A Trust can either be set up by you during your lifetime or by your Trustee after your death and in accordance with your Will.
Trustees are the ‘legal holders’ of any Trust property and they manage and distribute the Trust assets. There can be one or more Trustees.