Sensible legal advice in plain English
Trust advice for property, protection and inheritance from Fidler & Pepper
A Will Trust lets you pass on money or assets when you die under the terms of your Will, which can be age-related or used to benefit children from a previous relationship.
Declarations of Trust protect interests in property that are not immediately obvious, such as a deposit on a jointly bought home or money contributed by children helping parents buy their council home. Prices start at £545 plus VAT.
Set up by you, for your benefit during your lifetime and for your chosen beneficiaries afterwards, this can help manage expectations around your property and assets and may offer protection if you go into a nursing home.
A Trust involves a group of people (the Trustees) looking after something, such as money or property, for another person or group of people (the beneficiaries).
You might want to give someone the right to live in a property without being able to sell it. A Trust can also pass on money or assets under your Will, which can be age-related or used to benefit children from a previous relationship.
Declarations of Trust are used to protect interests in property that are not immediately obvious, such as protecting your deposit when buying a house together, or protecting money paid by children towards a parent's right-to-buy home. They can be set up quickly and at little expense, and give everyone peace of mind.
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