Right Of Residence Trust

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Single: £300

Mirror: £340

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This trust allows someone you choose to live in a property for a set period of time, even though they do not own it.

They can live in the property, but they do not own it and cannot access its value.

When the agreed period ends, the property passes to the person (or people) you have named as the final beneficiary.

For example: You may wish for your partner to live in your home for the rest of their life, but after they pass away, the property goes to your children.

Discretionary Trust

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Single: £350

Mirror: £395

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This trust gives your trustees flexibility to decide how and when money is distributed. You name a group of potential beneficiaries, and the trustees decide:

• Who receives funds

• When they receive them

• How much they receive

Trustees follow your guidance (usually set out in a letter of wishes), allowing them to respond to changing circumstances.

For example: If you name your children and grandchildren as beneficiaries, trustees can decide to release funds for education, a house deposit, or financial support if one of them faces hardship. 

Life Interest Trust

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Single: £350

Mirror: £395

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This trust allows you to leave a property, money, or other assets to your chosen beneficiaries, while giving someone else the right to benefit from it during their lifetime.

After their lifetime, the assets pass to your chosen beneficiaries.

For example: a person may live in the property or receive income from investments, but they do not own the underlying assets.

Disabled Person's Trust

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Single: £350

Mirror: £395

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This is a type of Discretionary Trust designed to protect the interests of a disabled beneficiary.

It allows trustees to manage funds carefully and in a way that supports the beneficiary’s specific needs, while maintaining flexibility and protection.

For example: Funds can be used to pay for specialist care, therapies, equipment, or additional living costs without giving full control of the money directly to the beneficiary. 

Business Property Trust

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Single: £775

Mirror: £1,015

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This trust is designed to help reduce Inheritance Tax on qualifying business assets.

By placing business assets into trust, you can maximise available tax reliefs while ensuring the assets are managed for the benefit of your chosen beneficiaries.

For example: If you own shares in a qualifying family business, placing them into trust may help preserve tax relief while ensuring the business benefits your chosen family members in the future.

Letter of Wishes

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Single: £22

Mirror: £30

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A Letter of Wishes is a separate document that sits alongside your trust.

It is not legally binding, but it provides clear guidance to your trustees about how you would like them to manage and distribute the trust assets. It can include:

• Who you would like to prioritise

• When funds should be released

• What the money should be used for

• Any personal circumstances trustees should consider

For example: A Letter of Wishes is usually prepared at the same time as your trust. It can be updated at any time if your circumstances change — without needing to rewrite the trust itself.