Help with Trusts

A trust is a mechanism whereby a settlor provides assets to trustees to hold on behalf of beneficiaries. They can be found in all sorts of areas of life – the beneficial interest of a property can be held on trust, proceeds of life policy, critical illness cover or a pension can be held on trust and cash set aside for school fees can be held on trust too.

In certain circumstances they can be useful tools to mitigate against inheritance tax or capital gains tax, although due to changes in the law, these opportunities are less available.

Instead, trusts are more likely to be used to protect assets, be it from divorce or bankruptcy or care home fees, or perhaps to reflect contributions to property purchase.

Our specialist trust solicitor, a member of the Society of Trust and Estate Practitioners (STEP), regularly advises on setting-up trusts in all of these circumstances and many more, and will simplify what may initially seem a complex process.