Trusts

During your lifetime or upon your death you may wish to, or need to, make provision for your family present and future. One of the most usual methods employed is to create a Trust Fund. These can also be very useful for tax planning purposes.

There are two major types of trust; interest in possession and discretionary. We can advise on the selection of the right type of trust and the correct creation of the trust to ensure your requirements are met both now and during the lifetime of the trust.

If you have children under the age of 18, or a child who is disabled and will require ongoing care, it may be preferable to provide for them in a trust fund.

Other uses of trust funds include marriage settlements, settlements for a second spouse and adult children from a previous relationship and inheritance tax efficient trusts.

For more information and guidance on this important area of private client law please contact us.