You may have good reasons for writing close relatives out of your will but, as any lawyer will tell you, the consequence of doing so can be family discord after you are gone. That was certainly so in one case concerning a father who disinherited his...
What is a Trust?
A Trust is a legal arrangement where one or more people designated by you are made legally responsible for the holding and management of assets on behalf of a beneficiary or beneficiaries, according to the terms of a Trust deed or Will.
Common reasons to make a Trust
- To protect loved ones who are young or vulnerable
- To protect and/or maintain control over assets such as property
- To minimise Tax paid on death
- To protect assets being left to children from the effects of the Divorce Laws or the re-marriage of a wife or husband after their death
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