Gorvins

Trusts are not just for the wealthy and can be extremely helpful when it comes to many aspects of tax planning and an asset protection trust. They are a great way to protect your estate and ensure your future planning is as efficient as possible.

Setting up a trust is a very complex area of law and for this reason, it needs a professional touch. Our extremely experienced team of trust solicitors at Gorvins will listen carefully to the situation and will set up an irrevocable trust according to your desires and needs ensuring no stone is left unturned.

To speak to one of our trust solicitors in Manchester, you can call us on 0343 507 5151 e-mail willsteam@gorvins.com or fill in the online contact form on this page and we will be back in touch as soon as we can.

Gorvins Approach to Trusts

Our approach to setting up any type of trust, whether its an asset protection trust or a general irrevocable trust is to put your needs and wishes first. From there we will provide you with cutting-edge and up-to-date legal knowledge to help you set up your trusts in the most efficient and effective manner. All members of our trust solicitors in Manchester are highly skilled in advising clients on the best way forward for their individual circumstance. There can be a number of reasons for setting up a trust:

• Keeping money and assets with the direct family
• Looking after money to be passed to young children
• Protecting vulnerable or disabled beneficiaries
• Protecting your estate from the impact of care home fees
• Inheritance tax planning
• Asset protection trust planning
• Flexibility – to enable decisions about who benefits from your estate to be finalised later
• Protecting means-tested benefits after receiving personal injury damages

How do I know if I should set up an Irrevocable Trust?

If you want to ensure your assets and estate are kept to those who you want to benefit, then setting up an asset protection trust is an excellent way to proceed. They aren’t just for the rich amongst us, instead, they offer a real and practical way of making sure your wishes are fulfilled and your money is protected on a long-term scale. One example is putting money into a trust for your children to purchase a home when they are older instead of gifting it directly. This allows you to have control over the assets but also is one way of mitigating inheritance tax as the value of the gift is removed from the estate.

How Can Our Trust Solicitors Help?

This area of the law is constantly changing so it is vital that you seek specialist advice to ensure that your estate is properly protected and that your family don’t lose out on what should be theirs. Our highly trained and well-versed trust solicitors will advise you on whether the use of a trust is relevant to you and help to guide you to select the right type that will benefit you and your loved ones the most.

Next Steps

To discuss how you can plan for the future and speak to someone who is a qualified professional, give us a call on 0343 507 5151. We can offer an initial consultation to see if our services and your requirements match up and then define the steps forward. You can also contact us by emailing actonit@gorvins.com or fill in the online contact form.