Discretionary Trust Will Solicitors
In Bognor Regis, West Sussex

Laws surrounding all types of trust wills can seem complicated. Our discretionary trust will writing solicitors at MJR Solicitors can give you the help and support you need from our offices in Bognor Regis, West Sussex.

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What Is A Discretionary Trust?

A Discretionary Trust something you can place into your Will leaving certain assets or money in a Trust. You then nominate Trustees to look after i.e “administer” the trust.

How do they work?

There are numerous types of trust and lots of variations on each individual trust and no two trusts are identical. For a Discretionary Trust, you nominate a “class” or “group” or “named” people to inherit your estate. You can even nominate a class to include people born or to be added after your death.

The important part to note about this trust is “Discretionary”. You are providing for a trust that can vary in how it is administered.

So why make a Trust like this?

These trusts are extremely useful if you are unsure of circumstances at your death and want to ensure your estate passes subject to certain criteria being met. Don’t think “Brewster’s millions” and it being a chance to play games, more like, a beneficiary who is a bit of a spendthrift, or, easily influenced, you may want to protect them from having control of significant amounts of money or assets and you want to protect them from the harm which can sometimes occur being given all this responsibility in one go.

  • Honest advice

  • Personal one-to-one service

  • Dedicated firm

  • Local experienced team

  • Straightforward outlined costs

How do my trustees know what to do?

You leave a “letter of wishes” with the Will outlining what you want to happen, when, where and sometimes even why. It is very important to note! Your trustees are not bound by the letter. It is an indication of how you “wish” the trust to be administered.

What protection does it offer?

There are several potential protections:-

  1. Young or disabled beneficiaries, may need help looking after finances/assets
  2. Do they receive benefits? A Lump sum could alter their ability to receive these funds and have an undesired effect of them losing state assistance and the inheritance simply dwindles and adds nothing extra
  3. Mental Health issues? Addiction issues? You may want to provide for a loved one who is currently suffering with an addiction, providing large funds may make that far worse, would it be better to nominate someone to help and assist them.
  4. As mentioned above, spendthrift or easily influenced

Discretionary Trust Wills from £395 & Severance of Tenancy from £145 plus VAT (contact us for our latest special offers).

For more information on our Will services or to arrange an appointment, contact us online or by phone today for an initial consultation:

mark@mjrsolicitors.co.uk
info@mjrsolicitors.co.uk
01243 945054

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"10/10 for everything. We were making simple wills and Mark was courteous, professional and gave us confidence in all he did. It was all straightforward."

Mr & Mrs Steele

Bracklesham

"Having never used a Solicitor before we found the whole experience easy, relaxed and, although a legal matter, it was informal feel whilst being professional. Mark was friendly and welcoming and on a level with us, coming across as a nice person you can relate to. He is very knowledgeable and offers excellent advice and information, answering all our queries."

Mr & Mrs Sharp

Hayling Island

"A massive thank you to Mark Riley and Beverley Rayner for allowing me to accompany them on a few occasions whilst they advised clients (in their capacity as duty solicitor) at the police station.

I’m currently working towards becoming an accredited Police Station Legal Representative, and so being able to observe Beverley and Mark in this role proved to be invaluable experience and an important addition to the personal study section of my portfolio. Thanks to their thorough, professional and sensitive approach with their clients, I have learned a huge amount. It has given me the grounding I need to continue towards my goal."

Mrs C

Rustington

"10/10 to all questions"

Mr L

Aldwick, Bognor Regis

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Mrs D

Pagham, Bognor Regis

"10/10 to all questions"

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Pagham, Bognor Regis

"Quality service quick and easy advice. Fees are great and no messing around. MJR cut staright to the point Got a motoring offence ?! Easily sorted from overseas. Definitely would recommend"

Mr P

New Zealand

"Thanks for sorting out my will also power of attorneys. Not a pleasant subject having to think about when I die, but it was done in terms I understood and quickly now it's something I don't have to think about. Thank you again."

Mrs H

Felpham, Bognor Regis

"10/10 for everything. Mark was very friendly and knowledgeable and explained everything simply in order for us to understand. Very efficient and helpful."

Mr & Mrs S

Bognor Regis

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Mr R

Aldwick, Bognor Regis

"You have been very flexible regarding meetings.... and you have made a difficult time far less stressful. Very reassuring. Very straightforward and understandable."

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Oxfordshire

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Flansham

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Emsworth

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Mrs E R Hector

Bognor Regis

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West Sussex

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Mr L

Chichester

"We are so grateful to Mark for all his help and considerable patience regarding the recent preparation of our wills and for the invaluable advice concerning a Trust for our grandson. He took all the time that was needed to ensure that we understood the relevant aspects of this complex subject. He explained the legal ramifications in terms that a layman could understand and he made sure the resulting arrangement was fully in line with our intentions. It has set our minds at rest to know that this important matter has been so efficiently dealt with and thus we no longer need to feel concern over it. Full marks in all departments to MJR Solicitors; it is hard to see how such a friendly and professional service could be improved."

Mr & Mrs G

Felpham

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So, you can have complete confidence that you are receiving the best legal advice to achieve the best outcome in your case.

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MJR Solicitors Ltd, Bankside,
Middleton Road, Middleton-on-Sea, PO22 6DB

Call us on:  01243 945054
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