A discretionary Will trust is like a gift box for your assets. With this legal trust arrangement, your trustees (people you choose because you trust them) have the legal power to decide how your assets are distributed among your beneficiaries. Your words, either verbally or in writing, guide their actions.

Let’s look at some of the situations where a discretionary Will trust could be advantageous.

Cohabiting couples have fewer legal rights than married or civil partners. In England and Wales, the law does not recognise these loving relationships.

Here’s what you need to know.