Trust planning is an important but often overlooked part of your financial affairs. Putting your savings, investments, life policies or assets into a trust can play an important part in estate planning.

What is a trust?

In general terms, a trust is a legal instrument to control the way in which your assets are passed to others.

The person who sets up the trust is known as the settlor. The people assigned to administer the trust are known as trustees and those benefiting from the trust are called the beneficiaries. The agreed assets are then held in trust and will be released at the desired time.

Why use a trust?

There are a number of reasons to set up trusts from protecting the financial future of a spouse to preserving assets for your children or gifting to charities.

They can offer flexibility and allow for a timely distribution of assets while potentially reducing your inheritance tax liability

This area can be complex, please contact us if you would like more advice on making trusts a part of your estate plan and we can help identify the most appropriate solution to suit your needs and objectives.

Estate Planning

• Inheritance Tax Review Service
• Family Wealth Planning
• Trust Planning