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Wills and Trusts

There are three things we all should think about making, a Will, a Trust and a Lasting Power of Attorney.

We don’t have to make any of these, it’s our choice. If we choose not to them it can become

  • More expensive to manage our assets
  • We may have to pay more inheritance tax
  • Harder for someone to make decisions for us


Making a will lets you choose what you would like to happen to your assets

  • Sets out who I want to leave my assets to
  • Provides for inheritance tax management
  • I can make gifts to charities
  • Helps avoid family squabble

Statutory Wills

If someone cannot make a regular will, because they lack sufficient mental capacity or they choose not to and lose mental capacity a statutory will can be created for them. These are more complex than drafting a regular will and involve the court confirming that the drafted will meets that persons needs.

Craybeck Law will draft a Statutory will if needed.

Whats does a will look like?


Trust created by declaration of trust, known as a trust deed. The trustees to hold the property or assets on behalf of somebody else, this is the beneficiary. When the trust comes to an end at a specified time, the beneficiaries are paid the money from the trust.

Making a trust allows you to manage money and assets for your family, friends and for inheritance tax purposes.

Why Make a Trust

  • Protects assets
  • Protection for beneficiaries
  • Retaining control over assets and beneficiaries under the trust’s terms and conditions
  • Saving tax
  • Treating income and capital of a gift in different ways
  • Helping to avoid costly probate
  • Potential to minimise Care Home Fees
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Craybeck Law LLP is a central London law firm with an office in Benfleet Essex. We will come and visit you at home for no extra charge if you live within the M25 area or close to it.

Craybeck Law LLP is authorised and regulated by the Solicitors Regulation Authority (SRA No. 646667)

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