A Will can include the creation of Trusts for your children (or grandchildren) to receive a gift of money, property or other assets, that is place in the hands of Trustees nominated by you. You will leave separate instructions as to how you wish the Trust to be administered, and how any proceeds from the asset may be dispersed to the child. You will also indicate when you consider the Trust should be closed and the proceeds passed on to the child.

There may also be occasions when you consider the inheritance of an adult should be administered by a Trustee, especially in instances where the recipient has an addiction problem with drugs or gambling, or who you may consider is a spendthrift, and therefore may require constant or permanent financial guidance and control.

There are also specialised Will Trusts that are designed to help the future security of a disabled or vulnerable beneficiary without affecting their benefit entitlement from the state or local authority.

See our Will Trusts page for more information.