How does Probate work?
More than 95% of people having their Wills drafted by LCS decide to add different types of Trust due to the countless benefits and protection they provide. We assist our clients in considering which Trusts are best suited for them.
In making a WILL containing a Trust, you (the Settlor), are making sure that the people you wish to inherit from your estate (the Beneficiaries), receive what you have intended.
To be able to do that, you need help from your appointed trustee (could be family members, close friends or anyone you count on) who are responsible for managing any Trust funds and distributing them to your Beneficiaries as and when stipulated or once the Trust comes to an end.
Try our free Inheritance Tax Calculator to see how much you risk potentially losing without a trust in place.
Property Trusts can provide an ongoing home for someone after your death.