Trusts
1 May 2008
It’s hard to think about life going on without you, but it will. And things change.
Some people lead the most interesting lives: They get married, have children, separate, divorce and get married again. They acquire step-children and gain family and friends along the way – all things that can and do affect their Will and what they may want to happen to their property.
Wills can be challenged in court and, in some cases, even changed after death. In fact, if you leave certain people out of your Will (for example, your spouse or dependent children), they have the right to make a claim on your Estate.
So if you want to protect your spouse and your children you might want to consider a Trust. A Trust is a legal framework which can help ensure that whatever happens in their future lives their financial interests and your intentions are protected and respected.
You can find out more about how to go about writing a Will, and what it involves, in the Basics, as well as how to set up a Trust.
