From only £499
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Will Trusts in Devon & Cornwall - from £499
Will Trusts in Devon & Cornwall - from £499
A Will Trust (sometimes called a Protective Will or a Parent's Will) is a way of protecting your estate while still making sure your wishes are followed after you die.
At Together We Plan, we help families across Devon & Cornwall put in place Will Trusts that protect assets, provide long-term security, and ensure inheritance is passed on in a controlled and thoughtful way.
Not sure if you need one - we can help?
What Is a Will Trust?
What Is a Will Trust?
A Will Trust is still a Will, but with an added legal structure that allows your assets to be placed into a Trust when you die.
Instead of everything being passed directly to beneficiaries, your estate can be:
Held in a Trust
Managed by Trustees you choose
Distributed over time or under specific conditions
Think of it as a way to add control and protection to your Will, rather than just distributing assets immediately.
How a Will Trust Works
How a Will Trust Works
A standard Will simply passes assets directly to beneficiaries.
A Will Trust instead:
Places assets into a legal Trust on death
Appoints Trustees to manage them
Controls when and how beneficiaries receive assets
This could include:
When children reach a certain age
Staged inheritance over time
Ongoing financial support for a spouse or family member
In a nutshell, a Will Trust gives you more control over how your estate is used, not just who receives it.
Why People in Devon & Cornwall Use Will Trusts
Why People in Devon & Cornwall Use Will Trusts
Many people choose Will Trusts to help protect their estate from future risks, including:
Asset protection from external threats - Helping protect inheritances from financial difficulties or unforeseen life events.
Asset protection from external threats - Helping protect inheritances from financial difficulties or unforeseen life events.
Divorce or relationship breakdown protection - Ensuring inherited assets remain protected within the family line.
Divorce or relationship breakdown protection - Ensuring inherited assets remain protected within the family line.
Generational inheritance planning - Helping preserve wealth and pass it down in a structured way.
Generational inheritance planning - Helping preserve wealth and pass it down in a structured way.
Care Fees, Certainty & Control
Care Fees, Certainty & Control
Will Trusts are also commonly used to provide:
Protection from care-related costs - Helping ensure assets are managed in line with your wishes.
Protection from care-related costs - Helping ensure assets are managed in line with your wishes.
Certainty for your family - Clear instructions reduce confusion and potential disputes.
Certainty for your family - Clear instructions reduce confusion and potential disputes.
Control over inheritance - You decide how and when assets are passed on, not just who receives them.
Control over inheritance - You decide how and when assets are passed on, not just who receives them.
How Much for A Will Trust?
How Much for A Will Trust?
A professionally drafted Will Trust typically should cost no more than £499:
While this is more expensive than a Simple or Tailored Will, it reflects the additional legal structure required to set up and manage a Trust correctly.
DIY or incorrect setup can lead to:
Invalid Trust structures
Tax inefficiencies
Legal disputes later on
Will Trust Or Simple Will
Will Trust Or Simple Will
A Simple Will:
Passes assets directly to beneficiaries
No control after death
A Will Trust:
Holds assets in a legal structure
Allows staged or conditional inheritance
Adds protection and flexibility
Trustees – Who's in Controls?
Trustees – Who's in Controls?
Trustees are responsible for managing the Trust after your death.
They could be:
Family members
Trusted friends
Professional trustees
They must follow your instructions exactly as set out in your Will.
Is a Will Trust Right for You?
Is a Will Trust Right for You?
A Will Trust is often considered if you:
Own property
Have children or dependants
Want to protect family assets long-term
Want more control over inheritance
The easiest way to find out is here with our free 2 minute assessment that will guide you to the most approriate type of Will for you and your family:
Explore Key Areas of Will Trust Planning
Explore Key Areas of Will Trust Planning
There is a brief overview of key areas below but to help you understand how Will Trusts work in practice in more detail, explore:
Final Summary
Final Summary
A Will Trust is not just about passing on assets - it’s about:
Protecting what you’ve built
Controlling how it is used
Supporting your family long-term
Next Step
Next Step
If you’re unsure whether a Will Trust is right for you try our Find My Will Type Guidance Quiz:
It's free, takes 2-minutes and will guide you to the most suitable option based on your situation.
Which Type of Will Do You Actually Need?
Which Type of Will Do You Actually Need?
Take our Free, No Obligation Assessment - click HERE to start
A Will Trust provides a protective element. It ensures that vulnerable family members, such as minor children, vulnerable adults, or those on means tested state benefits, are looked after in a way you choose.
For example, rather than giving a child a large lump sum at 18, which they might not be ready to manage, a Will Trust can release funds gradually, helping them cover education, living costs, or even major life events safely or the Trust can keep hold of the money so benefits are not compromised, but the money is there to add to the support they need.
Protecting your legacy from the risks of divorce of a Beneficiary is a key reason to use a Will trust. Effectiivley, you ensure that a beneficiary’s inheritance remains ring-fenced from claims from the other side - in simple terms, your Beneficiry doesn't own the assets so they can't be claimed.
The assets are held by the Trustees until the divorce is finalised and the danger has passed, but can help pay towards the cost of the legal fees and by doing so ensuring the best possible legal representation is obtained and that the money never leaves the bloodline.
Assets passed to a Beneficiary directly inevitably form part of their own estate and will, if not spent, become subject to inheritance tax.
This is known as Generational Inheritance Tax and is where assets either push a Beneficiary's estate over the tax threshold or add to an already taxable estate. Assets passed to a Will Trust can still be accessed by the Beneficiary, but can be passed on as a loan (interest free) that is only ever repayable on death.
Peace of Mind - Ultimately, the protective elements of a Will Trust give you peace of mind. Knowing that your assets are secure, and that your instructions will be followed prevents sleepless nights.
Care Fees - a bug bare of many and it's understandable, but the only legitimate way to reduce the impact on a couple's estate is a Will Trust. Anythign else is frowned upon, if not illegal.
Certainty & Control - You can specify exactly how and when your assets are used, and even include conditions for distribution, such as completing education or reaching a particular milestone.
Contact Us for a No Obligation Chat about a Will
Drop us an email at enquiries@twplan.co.uk and tell us how we can help, book directly or just give us a call on 01822752055
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