Trusts can provide a tax efficient way to set aside assets for future beneficiaries as well as ensuring assets pass to named beneficiaries. Trusts can also protect some elements of your wealth from divorce claims.
Trusts can also be used for:
- Gifting to charity
- Providing for people who are incapacitated
- Providing funds for your children's education, maintenance, etc
- Restricting access to property by future errant beneficiaries.
They can also be useful for holding shares in private companies as part of a family financial or tax plan - especially if you want to reduce inheritance tax liability in your estate.
We are happy to advise on the most suitable type of trust, and set it up for you. We can also give advice on the preparation of a trust or will, and where appropriate, can act as trustee or executor.
If you would like to know in more detail about our trusts and executorships service, please get in touch with one of our partners on +44 (0)20 8861 7575.
Alternatively, you can complete the form on the right, and we will call you straight back and answer any questions you may have.