Introduction

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Trusts are an essential tool for estate planning, allowing you to protect your assets and ensure your legacy is passed on to your loved ones in the way you intend. We specialise in providing expert advice and support for all your trust needs, from setting up trusts to managing and administering them.

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How Trusts can help you

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​Trusts can help to protect you against the 5 threats to your estate namely:

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• Marriage after Death

• Long Term Care

• Generational Inheritance Tax

• Divorce 

• Bankruptcy

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Types of Trust

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There are several types of trusts available in the UK, each with its own features and benefits:

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• Bare Trusts: A bare trust is a simple trust where the assets are held in the name of the trustee for the beneficiary, usually a minor, who has an absolute right to the assets when they reach a certain age.

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• Discretionary Trusts: A discretionary trust is a flexible trust where the trustee has discretion over how the assets are given to the beneficiaries. Guidance is given on how they would like the assets to be used, but the trustee has the final say. Discretionary trusts are often used to provide for a range of beneficiaries with different needs and circumstances, such as children and grandchildren.

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• Life Interest Trusts: A life interest trust is a trust where the beneficiaries are entitled to receive the income from the trust assets during their lifetime, but the capital is preserved for the ultimate beneficiaries, who receive it on the death of the life tenant. Life interest trusts are often used to provide for a surviving spouse or partner while ensuring that the assets are preserved for the next generation.

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• Trusts for Vulnerable Beneficiaries: There are several types of trusts available for vulnerable beneficiaries

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