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You may wish to pass assets to other members of your family but be concerned about them having absolute control of those assets. A trust is a means of achieving this. We have specialists trust lawyers who can advise you of the best way.
The use of a trust may be appropriate to:
- Protect assets for beneficiaries who are infants
- Protect assets where a beneficiary may otherwise squander the inheritance
- Provide for your husband or wife after your death but to protect the assets should your spouse remarry
- Protect assets from the claims of others e.g. from an ex spouse or creditor of a beneficiary
- Protect assets should your beneficiary require residential or nursing care
- Save Inheritance Tax
A trust may be created during your lifetime or in your Will.
At Ashton KCJ we have specialist trust lawyers who are also members of the Society of Trust and Estate Practitioners. We provide friendly, sensible and impartial advice to help clarify your ideas and ensure that those who you wish to benefit do We also advise on the taxation and other implications of the various options
We are especially good at:
- Advising on the types of trust and the implications
- Finding the trust structure that is right for your circumstances
- Drafting the trust deeds and dealing with any tax returns required on creation of the trust
- Ongoing advice to the Trustees on their duties and responsibilities
- Working with other professionals e.g. stockbrokers or investment advisers
- Ongoing administration of the trust including preparation of trust accounts and tax returns
- Dealing with the formalities on the termination of the trust
As everyone's needs are different we like to begin by a face to face meeting with you to establish your circumstances and requirements before discussing the options. After all, it is your life and it is unique.
Ashton KCJ solicitors can also assist in the following areas:
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