Trust & Estate Planning
The use of trusts can be a good way for some individuals to protect valuable assets against the risks of divorce, bankruptcy, re-marriage and care home fees.
In many families the largest asset is the family property. We can help you consider whether it would be worthwhile to sever the tenancy on a joint property to provide more flexibility in estate planning. This can assist in protecting the assets from a local authority assessment for nursing care fees or in a re-marriage situation. These are often referred to as ‘Property Trusts’ or ‘Life Interest Trusts’.
Trusts can be complex
We can help you through the complexity and provide advice on all aspects of trust creation and administration.
Creating trusts through your Will or during your lifetime
Advice on the tax implications of the creation of a trust
Guidance of Trustees as to their role and responsibilities, including the management of funds and distributions
Preparation of annual accounts and trust tax returns for HMRC
Preparation of supplementary Deeds needed upon distributions from the trust or the retirement or appointment of Trustees
Winding up an existing trust
We are here to help
If you have a query and would like to contact us, you simply need to complete the form below and we will respond as soon as possible.