trusts

Trusts

A trust is a legal arrangement that allows assets such as property or money to be looked after for the benefit of the beneficiaries named in a Will. Trusts are often used to hold assets for children until they are old enough to receive them.

Why use a Trust?

There are various situations in which a trust may be set up, and not all of them are related to making a Will. For the purposes of making a Will, trusts are usually set up for one of thefollowing reasons:

  • To hold assets on behalf of a child until they reach the age of 18. Doing so allows for the property or money to be properly managed until the children are old enough legally to take possession of it. Some types of trust allow the beneficiary to receive an income from the property.
  • To reduce Inheritance Tax liability. Putting assets into trusts can in some cases reduce or even eliminate the inheritance tax liability for that asset; it can also help to keep the value of the estate within the nil-rate band.
  • To provide for your spouse while keeping the estate intact to be passed to your children.
  • To protect the family home from being sold in order to pay for residential care.
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Free Consultation

We offer a free, no obligation video consultation to discuss making a will for you, managing your estate, or any of our other services. Just enter your details and choose a time that suits.

-e-will

Wills

Clear statement of your wishes

Wills

Your Will is a clear statement of your wishes, and we can help draw up all the necessary documents for you.

trusts

Trusts

Your assets looked after with care

Trusts

A trust is a legal arrangement that allows assets such as property or money to be looked after for the benefit of the beneficiaries named in a Will.

tax

Tax Planning

Assess your liability

Tax Planning

For each client that we work with, we complete a fact-finding exercise which shows us whether you can expect to have an Inheritance Tax liability.

attorney

Lasting Power of Attorney

Appoint someone to handle your affairs

Lasting Power of Attorney

A Lasting Power of Attorney is a legal document that allows you to appoint a person to handle your affairs when you are unavailable or unable to do so.

probate

Probate

We act as professional executors

Probate

We act as professional executors, whether appointed under a Will or by the family of the deceased. We ensure the person’s final wishes are carried out with integrity and confidentiality.

plans

Sikh
Funeral Plans

Arrange your funeral

Sikh Funeral Plans

We can make all the arrangements for your funeral, and help you plan in advance for a funeral that matches your wishes.