Trusts

What is a Trust?

A trust is a legal arrangement where one or more trustees manage assets for the benefit of beneficiaries. Trusts can protect vulnerable family members, preserve wealth, and provide tax planning opportunities.

Key Terms

Trust Deed – The document setting out the terms of the Trust
Will Trust – A Trust written directly into a Will with no other Trust Deed
Settlor – Who has set up the Trust
Trustee – Who is given responsibility and authority over the assets within the Trust
Trust Period – The length of time the Trust is set up for
Trust Fund – The assets put into the Trust
Ultimate Beneficiaries – Who will ultimately receive the assets within the Trust when it comes to an end

Types of Trusts

Discretionary Trusts / Vulnerable Persons Trusts

The Trustees oversee the assets within the Trust for a period of time, usually 80 – 125 years for the ultimate beneficiaries. The trustees have absolute discretion over when, how much, why and what is released to the beneficiaries during the Trust period.

Discretionary Trusts are often used for those who are vulnerable or cannot look after their own finances or for multi generation inheritance tax planning.

Life Interest Trusts

Provides the life tenant (the person who is given the lifetime use of the Trust Fund) with the right to benefit from the Trust Fund during their lifetime and the assets then to pass to the ultimate beneficiaries.

Most often used to provide a spouse the right to live in a family home for their lifetime whilst protecting the share for the ultimate beneficiaries.

Residency / Rental Trusts

Provides the Occupier (the person who is given the use of the Trust Fund for the Trust Period) the right to reside in a property or rent the property for the Trust Period.

Trust Pricing

Discretionary Trust

£350 for single Wills

£600 for mirror Wills

Property / Life Interest Trusts

£375 for single Wills

£650 for mirror Wills

Residency Trust

£350 for single Wills

£600 for mirror Wills

Please note this is in addition to the cost of the Will

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Frequently Asked Questions

Do I need a solicitor to make a Will, LPA or when going through Probate?

Solicitors are not required to draft a Will, Lasting Power of Attorney or to take an estate through the Probate Process. We specialise exclusively in estate planning and probate and are fully trained and insured to prepare Wills, Trusts, and LPAs. Many clients prefer working with a dedicated specialist who offers clear pricing, personal service, and ongoing support.

Who will I actually be dealing with?

You’ll deal directly with us — Amberlie and Angus — from your first conversation through to completion. We don’t pass you between departments or call centres, and we don’t outsource your work unless absolutely necessary.

Can you explain things in plain English?

We take the time to explain your options clearly and answer any questions along the way. We believe you should fully understand your choices before making any decisions.

Do you offer home visits or online appointments?

We offer face-to-face appointments at home, as well as video and telephone consultations. We’ll always try to work in a way that’s most convenient for you.

How long does it take to make a Will or LPA?

Most Wills are completed within 1–2 weeks, depending on complexity and how quickly instructions are confirmed.
LPAs take longer due to mandatory registration with the Office of the Public Guardian, which is outside our control.

Can I update my Will in the future?

Your Will can be updated whenever your circumstances change, and Wills should be reviewed every 5 years. Clients with Lifetime Service packages benefit from unlimited updates.

Are your prices fixed?

Our pricing is transparent and fixed for standard services, with no hidden fees. Any additional costs are discussed and agreed with you in advance.

What is included in a Lifetime Service package?

Our Lifetime Services provide ongoing support, secure storage, updates, and practical help for you and your family — including discounts and capped probate fees depending on the package.

View our Lifetime Services

How long does probate take?

Every estate is different. Some estates can be completed within 12-18 months, while more complex matters may take longer. We’ll keep you informed at every stage and explain any delays clearly.

Can you help if a loved one has already passed away?

We are able to assist Executors and families after a death, whether you need help applying for probate, administering the estate, or simply understanding what to do next.

Are you insured and regulated?

We hold Professional Indemnity Insurance and are members of the Society of Will Writers (membership details provided once finalised).

Why choose Pure Legacy Ltd over a larger company?

We’re a family-run business focused on people, not volume. Our clients value having a consistent point of contact, compassionate support, and the reassurance of dealing with real people who take the time to care.