Trusts
Trust are an effective way of protecting the benefit
in your assets for your family. Their use has grown as the net worth
of individuals
has increased. Using a Trust can be an important and effective way of
mitigating any tax liability and ensuring that best advantage is taken
of the available allowances and tax relief. Basically, a Trust is a structure
where assets are held by certain people for others benefit. They
are particularly useful in protecting assets where the beneficiaries
are too young to manage their affairs independently, or to provide for
your family for the future. Your intentions in relation to the protection
of assets are generally simple and straightforward, although the terms
of any trust can be complex. We can help you make sure you make the right
choices for you and your family.
Our advice would cover:-
- identifying the intention behind setting up the Trust
- appointing Trustees
- determining the Trust terms
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