In this Video, Nick is going to take us through poste-death problems and how you can securely protect property, for the surviving-partner, via the use of Trusts

A lot of people have probably heard the word "trust", and of course you know most people associate the word along the lines of "I trust you". But there are legal connotations to the word trust.

The main issues we face are:

1. Do we just leave something in the hands of someone who may have their own reasons to do something? OR
2. Do we try a little bit harder to guarantee the outcomes we wish to see materialise?

For example, and let's go back to  Joint Ownership.

If you're from the same family (typically a husband and wife and the joint children) then the chances are, that when one of you dies - the survivor’s got the lot, and it's fairly likely that the joint children are also going to benefit.

But, of course, it's not guaranteed... Because if, let's say, you're the survivor and you meet a "new- partner", and that "new-partner" has their own children, then if your "new-partner" out-survives you, they might have their own ideas about who gets your valuables after you're gone. There’s no guarantee that they (the "new-partner") will uphold either your previous-partners' wishes, or even your wishes, because you're not around to make your 'will' (intentions) known.

So, rather than leave your future "will/intention" to guesswork, we can put a bit more structure into what happens after you've gone by placing your assets into a trust. That way, you can ensure your 'will/intention' is going to go the way you want it to go.

But the key question here is: what structure do you use, and how do you implement it?

Answers are, as you may have guessed, in the video…