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The Benefits of Using a Trust As Part of Your Legacy Planning - Brenda Beveridge

The Benefits of Using a Trust As Part of Your Legacy Planning

There are many benefits of using a Trust as part of your Legacy Planning that a simple Will alone wouldn’t provide. Trusts can protect against:

  • your assets being shared with a new partner and their family if you or your spouse re-marry
  • beneficiaries inheritance being used as part of a divorce settlement
  • inheritance being seized by creditors.
  • your children’s inheritance going to a new family if your child dies and their spouse remarries.
  • inheritance being used as part of an assessment for means testing.
  • If a beneficiary is young, a vulnerable adult or struggling with addictions, their inheritance can be released in stages.
  • It’s the most robust way to ensure that any challenge to your Will would be unsuccessful
  • your beneficiaries can have instant access to inheritance for assets within a Trust