Mind At Rest Wills
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Trusts Explained

When meeting and talking with potential clients, the subject of Trusts comes up a lot, especially for my clients with young children, so I thought it a good point in time to put out this update on what Trusts can do.

What is a Trust?

Trusts have been around since Medieval times and were originally created for Nobility and wealthy landowners to avoid paying taxes to the Crown.

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How Do I Protect My Home And Assets From Care Costs?

Most of us work very hard over the years to buy our own homes and build up our savings for our retirement and would like to leave a “little something” for our children and grandchildren after we are gone.

Unfortunately, the costs involved in moving into a Care Home can literally wipe out your entire savings and your home may have to be sold to pay for care fees.

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Why do I need a Will?

The vast majority of people put off making a Will for a variety of reasons, either believing that the people they would wish to inherit will automatically do so, or because they don’t think it is relevant to them at this particular time.

The reality is that you can put off making a Will until it is too late and this poses all sorts of problems for the people left behind and could mean that some or all of your inheritance either goes to the wrong person or to the state.

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What Is the Role of a Guardian?

The Role of A Guardian

Making a Will and appointing a guardian in your Will is very important if you have children.

If you were to die without having made a Will. Your children could be placed in care until the court appoints official guardians to look after them.

This could take months and would obviously result in distress for your children and other members of your family.

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