A legal trust is used for many reasons; generally, they help protect your most vulnerable beneficiaries and protect your most important assets.
Will trusts includes:
- Right of occupation trust – a legal trust that passes property to beneficiaries but allows someone else to occupy the property;
- Disabled persons trust – a trust drafted into a will that places money left to a disabled beneficiary in the care of trustees;
- Discretionary trust – a trust that allows trustees to decide who of a group of beneficiaries inherit, when and how much, including an expression of wishes;
- Life interest trust – a trust that ultimately passes assets to beneficiaries but provides someone else an interest in the meanwhile;
You can also appoint attorneys to make decisions on your behalf for:
- LPA health decisions – a legal document that appoints attorneys to make decisions on your behalf regarding your health and welfare in the event of incapacity;
- LPA property decisions – a legal document that appoints attorneys to make decisions on your behalf regarding your property and financial affairs;
- General power of attorney – the appointment of attorneys to make financial decisions on your behalf, only why you have mental capacity;
- Document storage – safely store your documents, free future updates, and registration on the national will register;
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