Setting up a Lifetime Trust or creating a Trust in your Will

A Trust is the formal transfer of assets (property, shares or cash) to a select group of people, called trustees, or to a trust company. It allows individuals to protect their assets and control how they are used after they have been given away. You can set up Trusts during your lifetime or in your will.

Setting up a Trust offers opportunities to manage your family’s future security in a tax efficient way, ensuring your hard-earned assets go where they are needed most. The setting up of a Trust can be complicated so it is best to seek professional advice.

You need to decide what assets you want to put into the trust.

After the trust has been created you will no longer have control over the assets that are put into the trust.

You will need to decide who you want to appoint as Trustees.

The Trustees will be responsible for ensuring that the terms of the trust are carried out. They will be given power to make decisions for the benefit of the beneficiaries.

FAQ

Costs

For more information contact rb@startpointlaw.co.uk or telephone 01548 288008