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Divorce is difficult. We’re here to help you untangle the knots.
Our family law solicitors offer a range of legal services dealing with children’s matters.
We help make the financial side of getting a divorce as simple as possible, whilst retaining what you deserve.
Our international divorce lawyers regularly advise on cases involving complex international aspects.
The breakdown of a relationship can often be a difficult and emotional time. Our separation and divorce lawyers support and offer advice on pre-civil partnership agreements, post-civil partnership agreements, civil partnership dissolution, and finances when a civil partnership ends.
Our family law solicitors are experienced in providing support for families experiencing difficult changes in their lives, including breakdowns in relationships and changes to family life.
At Austin Kemp, we’re here to help. Find out more about the divorce process, and other key information with our vast resource section.
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Our expert divorce lawyers have listed questions which are commonly asked by our clients, to which we have provided an answer.
Our legal videos break down the complexity and jargon within our profession.
Our Legal Brochures detail the process for each area of Family Law. Download your brochure and learn more about what is involved in this complicated legal topic.
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What is a Trust Will?
A Trust, included as part of your Will, is a way of protecting assets which you want to give to your loved ones after your death. It is a legal structure which enables a person to benefit from a specific asset, without actually being the legal owner of the asset.
In the case of a trust within a Will, the trust is only ‘activated’ when you die.
For example, a Trust Will could be used if you want to leave a portion of your estate to someone who is vulnerable. Equally, some people may use a Trust Will if they are in a relationship but have children from a previous relationship.
It is important to seek legal advice about whether a Trust Will (also known as a testamentary trust) would be right for your circumstances.
How Do Trust Wills Work?
When you make a Will, you would normally name the beneficiaries (the people who you would like to receive your assets) within your Will.
In some instances, you may want your assets to be held on behalf of your beneficiaries, rather than going directly to them when you pass away.
When you create a trust, you name the person/people who will be managing it – known as the ‘trustee/s’. The trustee/s will then manage the trust (administer it) on your behalf, for the benefit of the beneficiaries.
Type of Trust Wills
There are various different types of Trust Wills that may be possible, depending on your circumstances:
It is highly recommended that you seek legal advice from a specialist solicitor before deciding which, if any, Trust Will is suitable for your circumstances.
Cost of Setting Up a Trust Will in England & Wales
Single Trust Will: £315 +VAT (£378)
Mirror Trust Will: £420 +VAT (£504)
One of the three Trust Wills listed above is included in our fixed-price fee. We will provide you with a personalised written quote for your Trust Will. This price will then be fixed, so you know exactly what you will be paying for your Will.
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