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Inheritance & Welfare team advise client on Will following remarriage
15 June 2012
Our client approached us following her recent marriage. Both our client and her spouse had been married previously and both had children with their respective ex-spouses.
Our client was concerned to ensure that her husband would be provided for after her death but that her children would ultimately benefit from her estate. Our client was particularly concerned about the property in which she and her new husband lived. This property was owned outright by our client and she wanted to make sure that her husband would be able to continue to live there for as long as he desired without facing the threat of having to sell the property to benefit her children.
Russell Jones & Walker, part of Slater and Gordon Lawyers were able to explain how a Protective Trust could be incorporated into our client’s Will to achieve everything that she wanted. Our client implemented a new Will that protected her husband’s occupation of the property and could provide him with an income if he required it after her death. The trust structure that our client chose provided her husband and her children with a great degree of flexibility at the date of her death so that her children could potentially benefit from some of her estate at her death, if her husband did not need the income.