How do you own your property?

When you are writing your Will and deciding what happens to your property it is important that you understand how it is actually owned as this can affect what you can and cannot do in your Will. It could also mean that extra trusts have to be put in to protect loved ones from losing […]

Why is document storage important?

When you create your Will or any other important document it is crucial that you then store it somewhere safe. There are several options for doing this: At home in a safety deposit box, filing cabinet or home safe Online storage (for copies) Storage with your bank or your solicitor Secure offsite storage When looking […]

Flexible Life Interest Trust – An Ideal Solution for Blended Families

Flexible Life Interest Trust (FLIT) – An Ideal Solution for Blended Families

A Flexible Life Interest Trust is very useful for blended families, where the testator is concerned about their partner leaving assets to future children or step-children after their death. It can also be used to potentially reduce inheritance tax. As it is New Year and we all need cheering up – here is a fairy […]

The Protective Property Trust – Protect your assets for your children

The Protective Property Trust – Protect your assets for your children

Imagine the following family situation: Fred and Wilma, a happily married couple, one daughter, Pebbles. They want to make mirror Wills leaving all to their daughter Pebbles when they die. However, I point out to them that, if Fred dies young, Wilma could fall in love with (say) Barney, who has a son Bam Bam. She could […]

What is a Trust and do I need one?

What is a trust and do I need one?

A Trust is a legal arrangement in which a person (the Settlor) transfers the ownership of some of his or her assets to one or more Trustees, who manage the assets on behalf of one or more Beneficiaries (who will receive the assets or income). There are many reasons why this would be done: The […]