TRUSTEES

Are you the executor of a Will which includes a Will Trust?  If so, you may also be the Trustee of a Will Trust created by the Will. Will Trusts were used for many years before the law changed to allow married couples to transfer unused Inheritance Tax allowances...

WHY USE A TRUST?

Will Trusts are flexible and can provide for many different family circumstances. How are they flexible?  Well, your beneficiaries can be given a fixed entitlement or interest.  This means that they and your Trustees know from the start what the...

JOINTLY OWNED PROPERTY

If you and your other half, whether married or cohabiting, jointly own your home or other property, you are said to be holding it on a trust of land. Under the law in England and Wales, there are two distinct and separate ways of owning houses and land, and how you...

BEING A TRUSTEE

The executor of your Will may also be a trustee, if a trust is created under the terms of your Will. A trustee is someone formally appointed to manage the assets of a trust for the benefit of others (known as the beneficiaries). The trust must be administered in...

MIRROR WILLS AND MUTUAL WILLS

You may have heard these terms, or read about them when you were looking into making a Will.  So, what are Mirror Wills and Mutual Wills? MIRROR WILLS Mirror Wills are often used by married couples to provide for their estate to pass to each other, and then to...

WHAT HAPPENS WITHOUT A WILL?

If you die without having made a Will, you are said to die ‘intestate’.  This means that your money, property and personal possessions (after your funeral costs, and any debts and liabilities have been paid) will be divided among your family in...