Inheritance Trusts

Keeping Your Money in the Family
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Inheritance Trusts 

A trust is a legal entity that dates from the times of the Crusades, that holds assets on behalf of individuals when they are unable to hold the assets themselves or when the original owner thinks it undesirable that the beneficiaries should hold the assets in their own name. Although assets are held by the trusts, the beneficiaries would enjoy the benefits of the trust.
We talk here of testamentary trusts.

Stella in writing her will, left her entire estate to her twin niece and nephew, Janet and John, but Stella died on the twins’ 17th birthday, as they are children, they cannot hold property therefore their gift in their aunt’s will would be held in trust till they were adults. Such trusts are automatic – if Stella had died after the twins had passed their 18th birthday, the estate would have passed to the twins. The trusts would not have been formed. All the assets would have been in their names.

 

Testamentary Trusts

Inheritance trusts are a central inheritance planning device best illustrated by examining what happens in their absence. We talk here of trusts that are formed when the person writing a will has written them specifically into the will, and would be formed, irrespective of the age of the person getting the gift in the will.

Inheritance Trusts & Divorce

Most estates are left to the beneficiaries ‘absolutely’. Mark leaving his one-million-pound estate to his daughter Danica is unremarkable. This however makes Danica, a million pounds wealthier. Imagine Danica’s husband brought divorce proceedings, you’d be surprised if he didn’t ask the million-pound inheritance to be taken into consideration in the divorce settlement.

Inheritance Trusts & Inheritance Tax

If Danica held on to her inheritance – invested it and passed it on to her own children, the children would pay inheritance tax on the million pounds – they would get only £600,000.

These are two of the several threats to inheritances that trusts can overcome.

Types of Trusts

There are several types of inheritance trusts, however we concerned here with testamentary trusts – these are trusts that are written with your will. There are discretionary trusts, interest in possession trusts, there are life insurance trusts, disabled beneficiary trusts.

Ask not what your trust is called, but what you want from your inheritance. The best trust for you would depend on your family and financial circumstances on the one hand and if where you want your family to be ranked socially and financially two three or generations hence on the other.

Full Information on Trusts

Just submit your name and email below to get information on trusts: the types of trusts, the technicalities of trusts, the parties to the trusts – including the trustees, donors and beneficiaries – what inheritance trusts can do for your family, and most importantly, how they can help keep your wealth in your family, not just for one or two generations, but forever.

Other Things I Can Help You With

My Approach to Estate Planning

You’ve seen several reviews and recommendations – they reflect the care, diligence and experience I invest in my clients.

Your family’s unique, therefore your estate planning should be unique, no off-the-peg nonsense.

You’re the expert on your family’s matters – every family is special in its own way, therefore I’ll bend my extensive experience to your situation. I can see round corners, so I can spot possible problems and prevent them before they germinate.

A proud sole-practitioner, I start every relationship with a blank sheet of paper. I write all my planning documents by hand, no cut and paste. No forms, no tick-boxes, no templates. No cut-and-paste. I start every relationship with a blank sheet of paper.

Inheritance Trusts
Based on 33 reviews.
Jackie Shaw
Jackie Shaw
2022-05-02
Having dealt with Ade at Maximum Inheritance Specialists previously when writing our wills we have now completed our Lasting Power of Attorney documents. Ade is a very honest knowledgeable and patient man and fully conversant in these fields. He made himself available to us even on a bank holiday weekend. We really appreciate the work he has done for us.
Philomena Mc Murrough
Philomena Mc Murrough
2022-04-27
Ade was so informative, respectful and kind in his procedure. I highly recommend to anyone this service. I highly recommend and will continue to pass Ade's details on.
Bella Vick
Bella Vick
2022-02-15
Ade was wonderful. Very diligent, empathetic, and communicative, and went above and beyond for us. He made what is a difficult/ emotional process as easy as possible. Highly recommend.
Hannah Lilley
Hannah Lilley
2022-01-27
Ade was really knowledgeable and really helped me through the process. I would highly recommend.
Bernice Goddard
Bernice Goddard
2022-01-27
Lisa Spiteri
Lisa Spiteri
2021-04-12
Maximum inheritance specialists made writing my will a very quick and easy experience. Ade is extremely knowledgeable and efficient. I highly recommend this service
Janice S
Janice S
2021-01-11
Ade was professional, knowledgeable and thorough with time and care taken to explain all options available, specific to our circumstances. I would recommend his services to all those that need advice in this area. Apologies for the late review. Thanks.
Ingrid Weel
Ingrid Weel
2020-03-25
I have know Ade for years. In 2015 he wrote my will, has since amended it and just did all the work on my Lasting Powers of Attorney. He has an easy, friendly way of explaining each process in plain, concise language. Everything becomes easy to understand - and stress free. If ever I am unsure of something, or have a query - he just answers it. I completely trust him, his advice and I recommend him often. If you haven't written a will - do it now. Use Ade and read his book!
Katerina Zachariou
Katerina Zachariou
2020-02-19
My husband and I have just drawn up our Wills with Ade from MIS. Ade is very professional and highly knowledgeable. Ade was able to put our minds at ease and offered guidance every step of the way on what was a difficult subject. I would highly recommend Ade without hesitation. Ade, thank you.
Deslin Chambers
Deslin Chambers
2020-02-14
I found the experience simple and straightforward. Easy explanation. Painless. I can sleep well at night knowing this has been sorted for my family.

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020 8669 1179

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