A FLIT arises when a beneficiary, normally a surviving spouse, is given a life interest in the assets contained in the estate.
In this next instalment we thought it would be useful to look at the bereaved minors and bereaved young person’s trusts which are both very common trusts.
So far we’ve looked at Property Protection Trusts and Discretionary Trusts. Our next instalment of “What Trusts can you have in a Will” takes a look at disabled/vulnerable persons trusts.
Our last article looked at Property Protection Trusts. Today’s article looks at a Discretionary Trust. Let’s take a closer look at what this trust is. A discretionary trust is a type of trust where the trustees are given complete discretion to pay or apply the income or capital of the assets for the benefit of...
SWW and PSB has produced a guidance document to ensure practitioners lifetime trust advertisements and promotions are accurate.
The Property Protection Trust is one of the most common trusts used in wills. In this article, you'll learn about the PPT and how it is used.
In this article we look at some of the changes that have been made in the third edition of the STEP Provisions.
Welcome to the fourth in a new series of articles from the SWW Technical Team; Common Questions in our Inbox. Following on from our look at property protection trusts, this instalment will be about one of the other common will trusts – discretionary trusts. A discretionary trust is a type of trust where the trustees are...
There may be many different reasons for an inheritance, will or trust dispute. Some of our clients dispute a will for reasons such as lack of mental capacity or undue influence, or the fact the will was made during the COVID-19 pandemic, while others may be seeking to remove an executor or a trustee from...
In this instalment of Common Questions let’s talk about the Property Protection Trust (PPT) and the residence nil rate band (RNRB).
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