Trusts and Inheritance Tax Planning
Trusts can be used for a number of purposes, but they’re typically used to control and manage your assets. For example, trusts are commonly used to provide an income for a dependent (such as your children or grandchildren) whilst you retain control of the money or assets. A trust can also be used to help provide for children who are too young to receive capital gifts themselves, or for inheritance tax and other tax planning.
Trusts can be created during your life, or come into existence on death. Some arise informally and automatically – for example when more than one person owns a property. But they’re better created formally, so that the arrangements intended by the person creating the trust are documented and not open to argument.
Whether you’re thinking about a lifetime gift or a trust created in a will, and whether it’s for tax or other planning purposes, our trusts specialists can advise you on the options that are available. Our trust solicitors will prepare the necessary documentation and can also help you with its continuing administration, if and when it is required. To talk through your options, contact our friendly and experienced Wills, Probate and Life Planning team today.
Meet some of our Wills, Probate & Life Planning team…
Zaynib is a Legal Assistant in our Wills, Probate and Life Planning team.
Outside of work she is a performing arts enthusiast.