When you place certain assets in a trust, they are then under the control of an appointed person(s) called ‘trustees’. The trustees are then in charge of managing the trust according to your instructions, even after your death.
Setting up a trust can be a flexible and tax-efficient way to plan for the future, provide for your loved ones, and protect vulnerable beneficiaries.
Our experienced team can support you with setting up and managing trusts, ensuring that you are able to take advantage of all the potential benefits
- Securely pass on assets to the next generation
- Fund education for your children and grandchildren
- Provide for vulnerable loved ones
- Provide for children and partners from different relationships
- Manage personal injury compensation
- Reduce inheritance tax payments
- Protect assets from creditors or divorcing partners
- Allowing you to provide gifts while retaining control of the assets
- Protection from residential care home fees
Types of Trusts
There are many types of Trust fund designed for specific situations, however, common types are:
- A Discretionary Trust – protects family wealth for future generations while also providing for family members
- A Personal Injury Trust that will preserve any compensation received and still enable you to receive benefits
- Declaration of Trust (Deed of Trust) – to regulate ownership of a house
- Property Trust Will – to protect the value of your home
- Trust for a Disabled Child – that will carry on throughout their life
- Will Trust – appointing your Trustees to look after your estate until your children are old enough to inherit
Are your existing Trusts still relevant to their original intentions?
- Do you have a trust in place but have not reviewed it since the changes to the inheritance tax regime?
- Are you a trustee requiring advice on your duties and responsibilities?
- Are you a beneficiary of a trust and need advice as regards your position?
- In recent years new legislation and regulations have reduced the effectiveness and benefit of trusts, however, we can make sure they are still fit for purpose by advising on the best structures for your specific needs.
Why Choose Us?
How to Get in Contact
Sharing the Love
“I just wanted to say a massive thank you from me and Louise for all of the hardwork you have put into our sale. You have gone beyond and above in all areas of our transaction. If all solicitors would be as proactive as you we would all be in a much better place that’s for sure!”
Drop Us Message And We Will Respond In No Time!
Follow DV Solicitors
