Because The Future Isn’t Certain
What is a Trust?
A trust is a legal ring-fence built around an inheritance to protect it from outside influence.
The most common Will Trust included in even basic wills would be one that protects inheritance left to a child under 18. Legally they cannot inherit directly and there is a risk of them spending all of the inheritance very quickly on the latest Games Consoles! For that reason, whenever a minor is named as a beneficiary in a Will it must contain a trust to ensure that their inheritance is looked after by a responsible adults (the Trustees) until the minor attains a certain age (often 18 yrs– 25 yrs).