Will and Last Testament with discretionary trust: all to spouse first

This will document allows the testator to give specific gifts or personalty or real estate to anyone. The main estate passes to the spouse or life partner. If the spouse does not out live the testator, then a discretionary trust is created for the purposes of inheritance tax.  The testator chooses the objects (potential beneficiaries) of the discretionary trust.

It provides for wide powers to be given to the trustees, so that the trust fund can be used in almost any way, for example, to pay guardians or directly to the maintenance of the children, or for the children’s advancement.

This will document preserves flexibility in the form of a discretionary trust. It is therefore most suited to young parents, to cover an unexpected accident , or to older parents so they can benefit from the flexible powers.

The Net Lawman wills are suitable for most situations.  If the will you need is not here, we can draw a will to your precise instructions for a very reasonable fee.

In these descriptions: “remainderman" means the person entitled to capital and any accumulated income after the death of a person with a life interest (a “tenant for life”).