Trusts aren't just for the very wealthy.
A trust is a legal arrangement where a person or group of people (the trustees) are appointed by someone (the settlor) to look after assets for the benefit of another group of people (the beneficiaries).
A trust is often created to give you greater control over what happens with your wealth after you’ve passed away.
With a trust, you can protect your assets and manage any tax liabilities on behalf of the people important to you.
Trusts can be used as part of a wealth protection strategy to protect assets as well as tax planning vehicles, particularly as part of inheritance tax planning.
To ensure you choose the right trust for your needs and goals. Our specialist estate planners can advise on the setting up and running of:
- Discretionary trusts
- Accumulation and maintenance trusts for children
- Interest in possession trusts.
If you are thinking about how to protect and pass on your wealth and assets, a trust can be a cornerstone of your estate planning.