The mechanism of a Trust can be useful for a number of reasons. For example:
- To benefit young children or grandchildren during their minority;
- To benefit family members who are either physically or mentally incapable of dealing with their own affairs;
- As part of a wider Inheritance Tax Planning Scheme;
- Upon receipt of a personal injury settlement;
- Under the terms of a Will.
The obligations on Trustees can be time consuming. Trust Funds have to be invested correctly and there is an ongoing obligation to ensure they remain the best investment for the beneficiaries.
We have an experienced and professional team who will be able to advise you on the intricacies of creating a Trust and the potential taxation implications (positive and negative). We can also advise you and provide support if you are a Trustee for an existing Trust.
Trusts Frequently Asked Questions
- What Types Of Trusts Are There?
- When Would You Need A Trust?
- Who Is Involved In A Trust?
- What Is A Trust?
- When Are Trusts Used?
Fosters Solicitors Team of Wills & Probate Lawyers have a wealth of experience and knowledge to assist you in relation to any legal query or matter you may have. Call us on 01603 620508 or complete our online enquiry form and a member of the department will be in touch very soon.
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