Trusts

Trusts are legal arrangements that allow you to give away assets, such as money, property and shares, in a tax-efficient, controlled way, for the benefit of the people you choose.

Although they are often thought of as only for the wealthy, they can be equally valuable for people with much more modest assets and are a useful tool in reducing tax liabilities, particularly inheritance tax, whether they are created during your lifetime or by your will.

For example, trusts can be particularly useful as part of estate planning for couples who are not married or in a civil partnership or where arrangements for passing on wealth are made more complex by previous marriages where stepchildren are involved.

They can also be used to reduce the cost of long-term care or to specify at what age or in what circumstances you wish your beneficiaries to receive money or property.

We’ll work with you to explore how trust solutions can benefit you and your family, creating a flexible, well-drafted trust that can play a key role in your longer-term tax and financial planning. We can also:

• prepare the necessary deed
• act as trustees
• help to administer the trust and deal with any taxation issues
• assist in bringing a trust to an end.

For more information on how we can help you, please contact us on
01702 339222 or at privateclient@btmk.co.uk