Trusts in Wills: Protecting What Matters Most

Описание: In this episode of Listen Without Prejudice, Nicholas Barlow, Head of the Private Client Team at Bishop & Sewell, is joined by Ben Williamson, Senior Associate, to explore the many ways trusts can be used within wills to provide protection, clarity, and peace of mind for families.

Whether you're a parent concerned about safeguarding your children's inheritance, part of a blended family navigating complex property arrangements, or looking to ensure long-term protection for vulnerable beneficiaries, this episode is packed with expert advice and practical insights.

Nicholas and Ben delve into the types of trusts typically used in wills — from simple age contingencies to sophisticated discretionary structures — and discuss their benefits, inheritance tax considerations, and flexibility. They also unpack real-world scenarios involving property ownership, remarriage, mortgages, vulnerable beneficiaries, and cross-generational estate planning.

This episode is essential listening for anyone thinking about how best to structure their estate to ensure their loved ones are protected — now and into the future.

Chapter Markers:

01:45 – Why Age Contingencies Are Technically Trusts
03:00 – Choosing the Right Trustee
04:45 – Inheritance Tax Implications for Spouses
06:00 – The Role of Joint Tenants vs. Tenants in Common
08:30 – Managing Mortgages and Liabilities
12:30 – Letters of Wishes: Their Importance and Benefits
13:30 – Discretionary Trusts for Complex Family Needs
15:45 – Final Thoughts: Importance of Legal Advice