Your letter of wishes has two purposes: it’s a farewell letter to your family, friends and the people you love, and your opportunity to guide your executors and explain how you’d like them to deal with your funeral and manage the trusts created by your Will. Our FREE template will guide you as you make your choices.

In this blog, we delve into the importance of protecting children who, for whatever reason, may find it difficult to be independent adults. We look at the favourable tax treatment of Vulnerable Person Discretionary Trust and vital strategies that can safeguard a child’s future and ensure their well-being despite uncertainties.

A discretionary Will trust is like a gift box for your assets. With this legal trust arrangement, your trustees (the people you appoint in your Will) have the authority to decide how your assets are distributed among your beneficiaries.

Let’s look at some of the situations where a discretionary Will trust could be advantageous.