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Berkshire IFA

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About Wills and Trusts

What is a Will Trust, what types are there and how can it help you?

Fully independent expertise
We are independent and offer advice on Trusts, Tax-planning and guidance on talking to your family. We’ll work with you to make a plan to ensure your wealth fulfils your wishes for years to come.
Your interests come first
Our philosophy is borne out of many years’ experience working in a professional practice environment. Our existing clients would confirm our ongoing commitment to this philosophy.
We are highly qualified
Continual professional development is an expectation all of our team place upon themselves regardless of how qualified they already are, not just as a requirement for qualified advisers.
Trust is core to our service
Our clients have told us that trust is absolutely essential for them, therefore we hold ourselves to this value and only ever act in our clients’ interest.
Integrity and transparency
We are committed to always explaining our fees and our regulatory obligations before any work is carried out.

Leaving Property in a Will Trust

Unlike a Lifetime Trust, you establish the terms of a Testamentary Trust in your Will, and it becomes effective upon your death.

Will Trusts are typically utilised by couples who own the family property as ‘tenants in common’ Instead of leaving their share directly to each other, they each leave it to a Trust that is established upon the death of the first partner.

Complex Will Trusts were historically a common method of avoiding inheritance tax (IHT). A couple potentially liable for IHT may divide their estate into two portions, each of which falls below the nil-rate band.

Since 2007, however, married couples and civil partners can transfer their unused IHT allowance to one another if certain conditions are met. As a result, most couples are no longer required to establish this form of Trust for inheritance tax purposes; however, it may be used to shield the deceased spouse's share from care home assessments.

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  • Winnersh Office

    220 Wharfedale Rd, Winnersh, Wokingham RG41 5TP Winnersh Wokingham RG41 5TP United Kingdom

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  • Wokingham Office

    Albany House, 14 Shute End, Wokingham RG40 1BJ Wokingham RG40 1BJ United Kingdom

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  • Newbury Office

    20 Oxford St, Newbury RG14 1JB Newbury RG14 1JB United Kingdom

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