Setting up an inheritance trust is a way to safeguard gifts and assets for your loved ones. It allows you to leave your entire estate - the totality of your assets - or just particular assets in trust upon your passing, to benefit specific people named in the trust, or a class of people such as future grandchildren.
This can help those closest to you protect their inheritance from relationship property claims or business creditors, as well as ensuring any vulnerable family members have support in managing and protecting their inheritance.
We have the legal and trust management expertise to help you determine whether an inheritance trust is the right solution for you, and ensure you understand the ins and outs before you go ahead.
We’ll then help you set up your trust, document your intentions, decide how you envision the trust being administered, and who should be involved as trustees.
Having an inheritance trust is just one part of protecting the legacy you’ve built - you’ll still need a will to set out what assets you’d like to go into the inheritance trust. We can take care of preparing or updating this for you too.
Keep in mind that if you elect to have more than one beneficiary of your trust, it may be better for each individual to have a separate inheritance trust.
How much does an inheritance trust cost?
There’s no one-size-fits-all pricing for trusts, since we know your situation is unique. We’ll provide an estimate of cost based on your requirements and circumstances.