Trusts

It may be useful to consider setting up a trust to protect your Estate. 

Trusts are extremely helpful in many aspects of tax planning and asset protection and they are not just for the wealthy.

They can be set up for a number of reasons, for example:

• Keeping money and assets within the direct family
• Looking after money passing to young children
• Protecting vulnerable or disabled beneficiaries
• Protecting your Estate from the impact of care home fees
• Flexibility, to enable decisions about who benefits from your Estate to be finalised later
• Inheritance tax planning
• Protecting means-tested benefits after receiving Personal Injury damages
• Asset Protection

This area of the law is constantly changing so it is important that you seek specialist advice, to ensure that your estate is properly protected and your family don’t lose out.

Our specialists can advise you on whether the use of a trust is relevant to you, and guide you in selecting the right type.