Trusts play a significant part in English Law. A trust can be used to arrange your financial affairs and give you peace of mind when planning for your own or someone else’s future needs or reducing Inheritance Tax.

Every client’s requirements differ so we recommend that you discuss with us whether you or your family would benefit from establishing a lifetime trust or a trust to take effect after your death. Below you will find a list of some of the circumstances when a trust may be an appropriate mechanism for arranging your financial affairs. We have substantial experience in guiding our clients and can give you clear, practical advice on the range of trusts available and the possible tax consequences.

• Care Fee Planning Trust - to make provision for your care fees
• Damages Compensation Protection Trusts - often called Personal Injury Trusts
• Special Needs / Disability Trusts - to protect the interests of vulnerable people
• Asset Protection Trust - to protect your estate from third parties including care fee planning and complex family arrangements.

Discretionary Trusts
These can be set up either during your lifetime or by Will after your death. They give your trustees a discretion concerning the use of the income generated by the trust, so ensuring flexibility when responding to the needs of those you want to benefit. Discretionary trusts are useful in that, in certain circumstances, they can assist in reducing the amount of Inheritance Tax payable at the time of death.

Contact Us
If you would like to discuss Trusts or Estate Planning contact Tony Collinson or Charles Wilson on 01524 416315 or click here to complete our enquiry form and we will contact you.