Trusts

The setting up of a trust is often the most suitable manner to govern the succession of assets or to reduce tax liabilities or third party claims against assets. For instance, you may wish to gift a home to your child or children but fear that it may be lost by the financial imprudence of the child, or via factors beyond your control such as a claim made by a spouse on the divorce of the child. Trusts can be used to ensure that assets are protected against the claims of third parties.

Trusts can be created during lifetime as part of a "lifetime" planning strategy, or on death through what are known as Will Trusts. In either case, we can explain to you exactly what type of trust is most suitable for your particular needs and what are the benefits of using such trusts. We also have experience in managing trusts and can either work with you regarding the management of the trust or effectively manage the trust on your instruction.