Meetings can be conducted via telephone and video conferencing. To learn more about making a living trust, go to the Living Trusts section of There are many benefits to setting up a bloodline trust as they can be tailored to a variety of different scenarios and family units. With this type of trust, your assets are protected to make sure they remain in the family unit. Outside of these hours, please send your request to and an email will be sent to you to arrange log-on instructions. Trusts are designed to provide individuals control of their wealth, even after their passing. Making a Lasting Power of Attorney is just as important as making a Will, How to revoke a Lasting Power of Attorney. The cost of a Bloodline Will naturally depends on the complexity of the Will and the estate.

This means that if you transfer more than £325,000 into a trust in any seven-year period, you will have to pay a 20% Inheritance Tax immediately on the excess. Discretionary trusts also pay Income Tax and Capital Gains Tax on income and gains generated on the trust assets, and potentially pay small of amounts of Inheritance Tax every 10 years. If you have previously made standard Mirror Wills or have been meaning to make or update your Will then request our free Wills information pack today. If you want to protect your family assets by setting up a bloodline trust, contact JMW today to find out more about our services by calling 0345 872 6666. Here is one example. Divorce in future generations of a family. A Bloodline Will is a Will that contains a protective trust. Also known as discretionary trusts, family protection trusts and wealth protection trusts, a bloodline trust allows you to create a trust with a range of potential beneficiaries and provide greater control on whether assets are released. Many parents, after a lifetime of hard work, feel that it is very important that the assets they have built up should be protected and kept within the family to benefit their children, grandchildren and future generations. The trust instrument is called a Trust Agreement because someone other than the grantor is serving as trustee. COVID-19 Update - Our website and phone lines are operating as normal and our teams are on hand to deal with all enquiries. Wescott Trust Services acts as the trustee or co-trustee for many of our clients. the principal, of the trust for each dollar of income earned by Pebbles Flintstone. By working with a knowledgeable advisor, you can determine how to structure a financial legacy that makes sense for your family.

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