Understanding Trusts in Wills: When and Why You Need One
When do you need a trust in your will? Learn about life interest trusts, discretionary trusts, and when these estate planning tools make sense.
<pA <strongtrust</strong is a legal arrangement where assets are held by one person the <strongtrustee</strong for the benefit of another the <strongbeneficiary</strong. Trusts in wills can protect assets, provide for vulnerable beneficiaries, minimise tax, and give you control over how your wealth is used long after you're gone. Understanding when you might need a trust is an important part of estate planning.</p
<h2How Trusts Work</h2
<pEvery trust has three key roles:</p
<p<strongSettlor:<...
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