Services

Property Protection Trust 

Often people assume that Wills are the preserve of the older generation, however, sadly, many younger people die through sudden illness or accident, leaving young families in a very difficult situation. In time, younger bereaved spouses may re-marry.  If the original couple had not planned for this scenario effectively, children from a first marriage can find themselves disinherited as Mum or Dad move on and re-marry in years to come – this is called ‘sideways disinheritance and is all too common. Prevent this happening to your children by having an Property Protection Trust written into your Will, as should the worst happen, your children will still inherit your half of the property that you worked so hard to provide for them, whilst leaving your spouse free to continue their life when you are no longer here.

Older couples worry constantly about how they would pay for nursing home fees, should either of them need long term care in the future. At WEPC our experienced estate planning practitioners can help you with both these scenarios by writing an Property Protection Trust into your Will.

​

​

​

​

​

​

Discretionary Trusts

Many families have members who may be struggling with alcohol, drugs or other dependent issues, such as gambling.  If they suddenly inherited a large sum of money, it could be disastrous. Lots of parents have a disabled child who cannot manage their own finances, or a family member who is reliant solely on state benefits. If they were to inherit a lump sum, all benefits would be stopped until the money had run out.  By using a Discretionary Trust (created on death) in your Will, these situations can be avoided. A Discretionary Trust is a flexible way of leaving money or other assets from your estate, to vulnerable loved ones. On your death, the Trust is managed by two appointed Trustees of your choice,who decide how and when the beneficiaries can receive any inheritance. When setting up a Discretionary Trust, you will be asked to make a ‘Statement of Wishes’ to be given to your Trustees at the time of your death, outlining what you would like to happen and providing guidance when you have gone.

At WEPC our experienced, knowledgeable estate planning practitioners will guide you through your options, helping you with the process of drawing up a robust Will that will prevent the scenarios above happening to your loved ones once you are no longer here to protect them.

​

​