Trusts and Wills

Mortgage Advice Clevedon
Mortgage Advice Clevedon



If you die without a Will, the Rules of Intestacy decide who will receive your property and possessions. These rules were created back in 1925.  Take a look at them by clicking the image to the left.  You may be surprised how your assets will be distributed. 


Making a Will is essential if you want to be sure of leaving your property and possessions to your loved ones.


A Will allows you to provide clarity on a whole range of practical matters.

If you have children, it can say who should look after them if you died unexpectedly.

You can decide who will handle the administrative side of dealing with your property and possessions.  You can protect your assets for your family.

A Will can include plans for residential care and tax planning.


We work closely with a qualified will writer.  We generally recommend that our clients either write a will or ensure that their current will is valid.*



Trusts are used to put the right money in the right hands at the right time.  

When a protection plan is put in trust, the main advantages are:

The Insurer can pay a claim more quickly.
If you client die and your plan is not written in trust, the insurance company will require a grant of probate in most cases before they can payout the policy.  Placing the plan in trust means that this is not required and can speed up the time it takes to receive the proceeds at a time when in most cases, it is really needed.

The plan proceeds may be free of inheritance tax.


Inheritance tax is currently payable at a rate of 40% on any part of an estate valued over £325,000 (2017/18). When you die, any money paid out from life insurance contracts that are not subject to a trust, have the value of the payout added to their estate.  We can help you to understand if you fall into this category and help you put in place an appropriate trust.


The money can be distributed to the right people.

Any individual without a will and in receipt of proceeds from a life insurance plan will need to distribute the payout as per the rules of intestacy - click image.  This may not lead to the money being received by the intended beneficiaries.  Placing a plan in trust means that the trustees are responsable for passing the proceeds on.  A trust can achieve this without a will being in place, although having both is generally the best solution.*

* The Financial Conduct Authority does not regulate some forms of trusts and will writing