Will Writing

The cost of setting up a trust can vary depending on its complexity and the specific services you require. We offer very competitive pricing and can provide a detailed quote during your consultation. 

 A will outlines how your assets should be distributed after your death, while a trust can manage your assets during your lifetime and beyond. Trusts often offer greater flexibility, privacy, and control. 

 Certain types of trusts can help reduce or eliminate inheritance tax, depending on how they are structured. We can advise on the best approach for your situation. 

 The time to set up a trust can vary depending on its complexity. However, with our streamlined process, most trusts can be established within a few weeks, ensuring a quick and efficient setup. 

 Yes, it’s possible to be both a trustee and a beneficiary of your trust. However, it’s important to appoint additional trustees to manage the trust after your death or if you become incapacitated. 

 If you establish a living trust, the assets within the trust are transferred to your beneficiaries according to the terms you’ve set, without going through probate. If you set up a testamentary trust, it will be created after your death as outlined in your will. 

  There can be ongoing costs related to managing a trust, such as trustee fees, legal fees, and potential tax filings. These costs vary depending on the complexity of the trust and the services required. 

 Most types of assets can be placed in a trust, including real estate, investments, bank accounts, personal property, and even business interests. We can help you determine which assets are best suited for inclusion in your trust. 

 Yes, even if you have a trust, it’s important to have a will to cover any assets not included in the trust and to appoint guardians for minor children. A will can also specify your wishes for any assets that may not be transferred into the trust before your death. 

 A trust deed is the legal document that outlines the terms of the trust, including how the assets will be managed and distributed. It is crucial because it legally binds the trustee to act in accordance with your wishes and provides clear instructions for managing the trust. 

 Certain types of trusts, such as an irrevocable trust, can be used to protect assets from being counted toward long-term care costs. This area is complex, and we can provide advice on the best approach for your situation.