A Trust Deed in simple terms, is an agreement between people about the protection and use of property. Trust can be used as a part of your overall Estate Planning and can either be formed whilst you are alive, or you can use your Will to create a trust when you die.

Through a Will Trust you can:

• protect your estate against potential future care fees
• leave assets to a vulnerable or disabled person
• ensure children from a previous relationship inherit even if you have a new spouse/partner.

There are different types of Trust Wills which can be used, depending on your particular circumstances. These include:

Property trust wills:- Used to protect a property’s value for the future.

Interest trust wills:- Assets are held for a beneficiary, providing an income if necessary, upon their death, any remaining assets are passed to another.

Discretionary trust wills:- Assets are distributed at the trustees’ discretion who give inheritance depending on the situation.

A Trust Deed may be accompanied by other documents that support the trust such as a Letter of Wishes and Minutes of the Trustee Meetings.