Trusts & Taxations
Trust & Taxation Solicitors
A Trust is the formal transfer of money or property to individuals (normally 2 or 3) who are the trustees, with instructions that they hold and administer the assets for the benefit of others (the beneficiaries). They can be used an estate planning tool to ensure the management of the assets of a person, family or business are securely placed in the hands of persons or organisations sutiably capable of managing them.
A Trust is similar to a Will or Lasting Power of Attorney as it is a means to choose and control the way in which your assets are managed and distributed whether during your lifetime or after death.
Trusts are not only for the very wealthy and can be particularly useful to manage the affairs of:
- disabled or injured persons;
- unmarried couple or blended families who jointly own assets together;
- elderly persons who wish to protect their homes and other assets
We will help you to prepare a relevant and valid Will. We can also help you to protect your family e.g. by setting up a trust.
Trust & Taxation Solicitors in Richmond Upon Thames.
Trust Funds to reduce IHT liability
Setting up a trust fund can be an effective way of reducing the potential IHT liability of your estate however there have been recent changes made to the way trusts can be used a tax saving mechanism by virtue of the new rules in the Finance Act 2013 and the General Anti-Abuse Rules (GAAR).
We can advise you on the best way to plan ahead to minimise future tax liabilities if you are thinking of establishing a trust and if you have established such a trust it is sensible to seek professional advice in light of the changes.
We can tailor a solution to meet your specific needs.
For more information about our trust and taxation services, please call us on 0208 332 2069 or send an email enquiry to info@jacksonlonge.com
Talk to our Trusts Solicitors
Call us between 9:30AM-5.30PM on 0208 332 2069 or fill out the form.
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