We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Information gathering on Will and Trust Funds

2»

Comments

  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    To ask "What's the difference between a will and a trust fund" is like asking "whats the difference between a fish and a bicycle" (to reuse an old meme). 
    Get her to write down what she wants and then a solicitor to draw up the will, you've done the main bit getting her to see sense, forget the amateur hour legal stuff though, next step convince her for goodness sake get a divorce (BTW I love "She's single but not divorced" ... aka "she's married" and make sure it comes with a clean financial settlement.

  • Brynsam
    Brynsam Posts: 3,643 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Combo Breaker
    A will is a document which, provided it satisfies certain legal requirements, gives binding directions (albeit sometimes open to challenge) on how someone's assets should be distributed when they die.

    A trust fund is a legal entity which is controlled by trustees, who hold property/assets on trust for the beneficiaries of the trust.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.