Trusts and Settlements

Contrary to popular belief, trusts are not just for the wealthy and their administration does not have to be cumbersome or expensive. Like gifts, the strategic use of trusts and settlements can help mitigate your tax liability.

Trusts also enable you to stipulate how your property is used by your chosen beneficiaries and their flexibility means they can be set up to achieve a whole variety of aims. For example, you may wish to use a certain asset to benefit your grandchildren, but do not wish them to have control of it before reaching a certain age. Using a trust can ensure that they only receive money in certain circumstances, whilst still removing it from your estate for inheritance tax purposes.

Trusts can also be used as a vehicle for protecting a vulnerable beneficiary, such as a child, or an elderly or disabled relative, without losing them their entitlement to means tested benefits.

To find out how a trust can help you achieve your aims, please contact any member of team.

Trusts & Settlements team members:

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