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Trusts

Protect Your Assets and Secure Your Legacy with Tailored Trust Solutions. Plan Today for a Confident Tomorrow.

Living Trusts.

Living trusts offer a flexible way to manage your assets during your lifetime and ensure a smooth transfer to your beneficiaries after your passing. By avoiding probate, living trusts help save time, reduce costs, and provide privacy for your estate. Let us help you create a living trust tailored to your specific needs and future plans.

Special Needs Trusts.

Special Needs Trusts are designed to provide financial support for individuals with disabilities without affecting their eligibility for government benefits. This trust ensures that your loved one’s needs are met, enhancing their quality of life while preserving access to essential support. We’ll help you create a tailored Special Needs Trust that provides peace of mind for the future.

Irrevocable Trusts.

A Discretionary Trust is a flexible estate planning tool commonly used in the UK to manage and protect assets for beneficiaries. Unlike fixed trusts, the trustees of a discretionary trust have the authority to decide how and when the trust’s assets are distributed among the beneficiaries, based on their individual needs or circumstances. This flexibility can be particularly useful in situations where beneficiaries are young, vulnerable, or unable to manage finances independently. Discretionary trusts also provide a level of protection from creditors, divorce settlements, or unforeseen financial issues. Additionally, they can offer inheritance tax benefits, as the trust assets may not be included in the beneficiaries' estates for tax purposes.

Asset Protection.

Asset Protection Trusts are an effective way to safeguard your wealth from creditors, legal claims, and unexpected financial risks. By strategically placing your assets in a trust, you can protect your estate while maintaining control over your financial legacy. Our team will work with you to create a customised asset protection strategy that secures your hard-earned wealth for generations to come.

Need More Info?

Ready to explore how trusts can protect your assets and provide for your loved ones? Contact us today — we’re here to help you every step of the way.

FAQ's

Got Questions before you reach out? No problem! You can find Answers to Our Most Frequently Asked Questions, on Trusts, below:

  • 1. What is a trust, and why should I consider setting one up?

    A trust is a legal arrangement where a trustee holds and manages assets on behalf of beneficiaries according to the terms set out in the trust document. Trusts are useful for protecting assets, reducing taxes, managing inheritance, and ensuring that your wishes are carried out exactly as you intend.



  • 2. What is the difference between a living trust and an irrevocable trust?

    A living trust, also known as a revocable trust, allows you to retain control over your assets during your lifetime and make changes as needed. An irrevocable trust, on the other hand, cannot be easily altered once established, providing greater asset protection and potential tax benefits. The choice between the two depends on your goals and circumstances.



  • 3. How does a trust help avoid probate?

    Assets held in a trust do not go through the probate process, meaning they can be transferred to your beneficiaries more quickly and privately than assets governed by a will. This helps save time, reduces costs, and keeps your financial matters confidential.




  • 4. Are trusts only for the wealthy?

    No, trusts are not just for the wealthy. Trusts can benefit anyone looking to protect their assets, plan for long-term care, provide for minor children, or ensure the needs of a loved one with special requirements are met. Trusts are a versatile tool suitable for a range of financial situations.




  • 5. Can I be the trustee of my own trust?

    Yes, for living trusts, you can be the trustee of your own trust, allowing you to maintain full control over your assets while you are alive. You will also need to appoint a successor trustee to take over management of the trust after your death or if you become incapacitated.




  • 6. What are the tax benefits of an irrevocable trust?

    Irrevocable trusts can offer significant tax advantages, including reducing estate taxes and shielding assets from capital gains taxes. By removing the assets from your taxable estate, an irrevocable trust helps preserve more of your wealth for your beneficiaries.




  • 7. How does a Special Needs Trust work?

    A Special Needs Trust is designed to provide for a disabled individual without affecting their eligibility for government benefits like disability benefits or housing assistance. The trust can pay for expenses such as medical care, personal items, and recreational activities, enhancing the quality of life for your loved one.



  • 8. Can I change or revoke a trust once it’s been set up?

    Living trusts (revocable trusts) can be changed or revoked at any time during your lifetime. However, irrevocable trusts generally cannot be altered once established, making them a more permanent arrangement designed for maximum asset protection.




  • 9. How do I choose the right trustee?

    Choosing the right trustee is crucial as they will be responsible for managing the trust according to your wishes. Look for someone who is trustworthy, organised, and capable of handling financial responsibilities.




  • 10. Is my trust information confidential?

    Yes, trusts provide a high level of privacy. Unlike a will, which becomes a public document after probate, the details of a trust remain private, protecting your financial information and the identity of your beneficiaries.




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