Asset Protection Trust
The will comes into effect after the departure of one of the partners.
To save your family the trouble of laws of intestacy coming over to make decisions on how to distribute your wealth, one should make a will giving instructions on how their property should be appropriated in death.
A will also ensures that your loved ones will not have added complications in administering your estate. In drafting a will, you can ensure that an unmarried partner is catered for as the law has no provision that will recognize automatically such a partner’s claim to part of your estate