Dying without a Will or protective trust will cause your family more stress and harm for years after you pass. All unclaimed assets go to probate which means the court will decide how your assets are distributed.
A Will lets you say how you want your property dealt with when you die. Once you die, everything you own, and everything you owe, is called your Estate. A Will is a very important document and everyone needs a Will to ensure that their wishes in relation to their estate are adhered to if they die. A Will allows you to provide for people, such as friends who would not be entitled to anything from your Estate if you died without a Will.
When you establish a Family Trust, it’s a good idea to update your Will at the same time. Your trust will then usually be included as a beneficiary in your will, and this way you can leave most of what you still own to the trust instead of giving it to named family members directly. Of course, you are still free to make specific gifts in your Will to certain people and to provide for your beneficiaries however you see fit.
We offer a hassle-free and affordable way to set up a trust that is tailored to your needs. We are registered tax agents with Inland Revenue and our service is simplified, making the process of setting up a trust easier than ever before.