Trusts can be an effective way of controlling and protecting your financial assets, although there are a number of tax and legal obligations to consider.
In particular, trusts can allow you to set aside assets for future beneficiaries outside the inheritance tax net.
Trusts can also be a useful vehicle for:
- Providing funds for your children's education, maintenance, etc.
- Restricting access to property by future beneficiaries
- Providing for people who are mentally or otherwise incapacitated
Edwards & Keeping can advise on all aspects of trusts and executorships, from choosing the most appropriate trust, to setting it up, providing accounting and taxation services, and acting as trustees or executors. We can also help with drafting and reviewing your Will.
For more advice on trusts and executorships, please contact us today.