Expert Trust Advice You Can Rely On
Templar Estate Planning can provide you with advice on formation and management of appropriate Trusts that will benefit you or your loved ones.
This short video gives an overview of Trusts and how they can be used to protect your assets for your family.
What are Trusts?
In short, a Trust is legal entity that forms a protective wrapper around your assets and can be of great value to anyone who wants to have more control and flexibility over how their assets are managed on death or during their lifetime.
Using a trust for estate planning purposes can give greater control compared to a simple Will. For example, in addition to defining who gets what, it can include additional instructions and clarifications such as, when, how and why. The Trust Deed is the legal document that defines how the Trustees must operate the trust, who can benefit from it and can be used in association with the memorandum of wishes for certain types of trusts. A trust can be used to shield assets from threats that are not afforded by standard wills.
The Main Types of Trust in the Uk
- Bare trusts
- Interest in possession trusts
- Discretionary trusts
- Accumulation trusts
- Mixed trusts
- Settlor-interested trusts
If you wish to find out more about Trusts in terms of Will writing and estate planning, get in touch or please look here.
This can all sound very complicated and daunting but don’t worry we are more than happy to explain this to you in person and aim to break down jargon to make everything easy to understand. After listening to your requirements, we will recommend the best type of Trust for your situation.
The HMRC’s website also has further information on types of trusts.
Process to Set Up Trusts
As with all our services, Templar Estate Planning will, on having listened to your requirements and wishes advise you on the appropriate Trusts
This can be carried out as part of your overall planning, for example alongside your Will, or as a standalone service if your current Will covers your needs. Initially you will need to think about:
- Who will look after your Trust (the Trustees) The majority of our clients choose to have at least two Trustees; either a spouse or partner alongside a professional Trustee whose experience can be invaluable. We can provide a professional Trustee service.
- Confirmation of the beneficiaries of your estate via the Trust.
- Specific instructions for your Trustees on how your estate should be managed and how your beneficiaries will benefit.
Contact Us Today, We Are Happy to Discuss Your Needs in a No Obligation Call.
Our Other Services
Will Writing
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Trust Establishment
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Lasting Powers of Attorney
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Professional Executor Service
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Excellent service, we would recommend David and Templar estate planning
spoke to a lady called Claire who was very helpful, and went through the process with me over the phone ,then booked an appointment to go in and see a gentleman called David, very professional and catered for all I needed for my Will, I was very happy with the service and would recommend to anyone looking to do a will , look into Templar estate Planning.
I was listened to , and felt fully informed of my options .
Both Claire and David have always put me at my ease and I felt confident they would understand and advise on any matters that arose both from making a will and sorting out a LPA.
I got in contact with them as a result of a personal recommendation and am happy to pass this on.