Resource Centre

Will trusts

  • There are two main types of Will trusts which includes:

    • Life interest trust (otherwise known as an immediate post death interest trust)
    • DWT (Discretionary Will Trust)
  • What happens to an employee who doesn’t have a Will?

  • If you do not have a Will in place, the law decides this for you and your estate is distributed in accordance with the Laws of Intestacy. This means that your partner may get nothing at all if you are not married. By having a Will you can stipulate exactly how your Estate (all your possessions, assets) is to be distributed and in what proportions.

  • Lasting Powers of Attorney

  • Lasting Powers of Attorney (LPAs) were created under the Mental Capacity Act 2005 and they came into effect on the 1st October 2007 replacing Enduring Powers of Attorney.