Trusts are vehicles for managing and protecting property and assets and are held by one party (the Trustees) for the benefit of others. You might consider setting up a Trust in your lifetime, or within your Will as part of your succession planning. They can be useful in protecting funds received as a result of a personal injury claim, and for providing for vulnerable people who may have difficulties in managing their own affairs.
There are a great many misconceptions about how Trusts operate and what they can and cannot achieve. There is also now a requirement to register the majority of express trusts with the Trusts Registration Service.
Our specialist advisors at Bennett Griffin are on hand to assist with all your Trust queries, whether you wish to consider setting up a Trust within your lifetime or to protect assets after you have passed away. In addition, our team liaise closely with tax specialists to make sure that you receive the best advice on the tax implications of your trust.
Your Bennett Griffin Team