A trust is a way of managing assets (property, money and investments) for people. There are different types of trusts and these are all taxed differently. They can be set up in your Will or as lifetime trusts.
Trusts are set up for a number of reasons, including, to control and protect family assets, when somebody is too young to handle their financial affairs, when somebody becomes incapacitated to deal with their finances or property and if you wish to pass on assets while still alive. A trust can also be set up if a family member or friend dies intestate (without a Will). A Trust can also be prepared to ensure that assets can be safeguarded from being used to fund care home fees.
Our specialists will advise you of what type of Trust is best for your needs and will endeavour to set this up for you to give peace of mind that your assets are being managed efficiently in accordance with your wishes.
For Probate advice, please Contact Us in order to discuss how we can help you.