Financially provide for loved ones who are young and/or vulnerable.
Ring-fence assets for the benefit of the Trust’s beneficiaries who can initially be the settlor (the person creating the Trust) and thereafter generations of beneficiaries.
Minimise inheritance tax
Maintain and protect assets.
A Trust is legally binding procedure whereby assets are transferred into a Trust by the settlor which are maintained and controlled by Trustees (professional or lay) for the duration of the Trust on behalf of beneficiaries in accordance with the intention of the Trust Deed.
This is a very complicated area of law and should not be done without proper legal and tax advice.
Contact a member of our specialist team to talk through questions or queries you may have.