People often wish to create “trusts” within their Wills. Trusts are a way of protecting assets, some examples of Trusts in Wills are:-
1. To allow a surviving partner to continue to live in a house for the rest of their life, with the house then passing to named beneficiaries (“a Life Interest Trust”);
2. A “Discretionary Trust” – this trust gives the people in charge of the trust, “the Trustees” discretion as to when it is best to pay money, how much, and to which of the beneficiaries named in the Trust;
3. A Trust for a disabled member of your family.