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Wills and succession planning

Trusts for protecting assets

We don't often see clients who say "we want a Trust".  It's much more likely that a set of circumstances means that a Trust can help to protect assets.

In terms of protecting your assets and for saving tax, properly set-up Trusts are invaluable. They can ensure your assets are secured for your beneficiaries and save significant amounts of money in relation to Inheritance Tax and Capital Gains Tax. For a Trust to work efficiently, you need excellent legal, tax and investment advice, as well as good administration, all of which our team can provide.

  • You might want to pass assets to a beneficiary who can't look after them.  This might be because they are too young, but equally they might be a vulnerable person who can't look after the money themselves.
  • You might be about to receive a sum of money following a personal injury.  This money can be protected for you, and can help you to retain access to state benefits.
  • You might know that you want to pass assets on, but are not yet clear as to who the beneficiaries will be.
  • You might want to pass assets to a person, but want to protect the asset in case they divorce.
  • You might have children from a previous relationship, and need to balance the needs of your children with your current spouse.

This list is not exhaustive, but are all examples of situations where a Trust can help you make sure the Trust beneficiaries really benefit from your assets.

Stuart Morton

Stuart Morton

Grown up kids to the left of me. Fragile parents to the right. Never mind a growing brood of grandchildren and Ellen, my wife with burgeoning business stresses. Just your average modern family trying to get by I suppose.

Clear advice

What is a Trust?  We will tell you in language which is easy to understand and will ensure that things are kept as simple as possible.  We don't believe in making things more complicated than they need to be, or tying assets up in an expensive arrangement which has no end date.

We only recommend using a Trust if it is going to provide a real benefit.

Benefits we bring

For a Trust to work properly, you need excellent legal advice, but you also need tax and investment advice, as well as good administration.  Our team can do all of these things, so you don't need to look anywhere else.

Our approach to fees

There are different components involved in setting up and running a Trust.  We aim to charge a fixed fee for the set up, and thereafter agree an annual charge for the ongoing work.  That might depend on what is required from time to time, particularly in connection with the needs of the beneficiaries.