Posts tagged “Trusts”

What is a disabled person’s trust?

Posted on 24th March 2025

Whether someone uses a wheelchair or has a mental disability, they might need extra financial help you can provide in a disabled person's trust

A disabled person’s trust can provide peace of mind that a loved one has financial security after your death.

You could leave some or all your assets in trust for a family member or friend. You might do this because you’re concerned they would find it difficult to manage financially on their own, for example. A trust allows the trustees to manage the assets on their behalf.

Would you use AI to rewrite your Will?

Posted on 10th March 2025

How much confidence do you have in artificial intelligence or AI?

New research found over 70% of people between 30 and 34 would consider using AI to update their Will.

You don't want to risk the content of your Will using artificial intelligence Scrabble pieces.

Should I place my life insurance policy into a trust?

Posted on 27th February 2025

Like an umbrella on a rainy day, a life insurance policy is protection against the unexpected. Should you put yours in a trust?

You might have heard trusts mentioned in relation to Will writing and estate planning.

Trusts are also a consideration if you’re planning to take out some life insurance.

Many of us think about life insurance as protection for a rainy day. It can help our loved ones manage financially when we die. Normally they receive a lump sum free of income tax and Capital Gains Tax, so how might a trust help?

Why having a valid Will is important for parents

Posted on 23rd August 2024

Parents with young children should include them in their Wills.

Every year, thousands of children under the age of 18 lose one of their parents. As long as both parents are co-guardians then their remaining parent can look after them.

However, more than half of the UK’s parents don’t have a valid Will. They might not have one at all or they have one that’s out of date.

Trusts for bereaved children and young people

Posted on 13th July 2022

If you make a gift to a young person in your Will which they receive when they reach a certain age you will create either a bereaved minor’s trust or a bereaved young person’s trust, depending on their age.