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Everybody wants to financially protect their loved ones - did you know that there are lots of different ways of making financial provision? You might want to save tax, to provide for a child’s future or education, to protect a vulnerable member of the family from being taken advantage of, or ensure that your house or business remain intact for future generations of the family. If so then you need to speak with us about setting-up a trust. A trust is a type of legal ownership where someone (a trustee) looks after something (the trust fund or assets) for somebody else’s use (the beneficiary). It is a legal way of setting some property or money or assets to one side for the use or benefit or protection of other people, such as your spouse, your children, or your grandchildren. There are different types of trust used for different purposes – if you are a trustee there are legal duties, responsibilities and your personal financial liabilities to consider? There are tax consequences for trusts and our specialists can guide you through the rules, options and tax treatments of trusts.
There is a lot to be considered when setting up or running a trust and you need an approachable legal advisor that knows everything about the law to make sure your trust does exactly what you want. Here at Martin Tolhurst Solicitors we have been advising clients for decades about making all types of trust arrangements and we have specialist solicitors that can advise and assist you so that your trust does exactly what you want it to do, when it is needed. Our expertise ranges from helping you to create a protective trust through to providing complex legal and tax advice to your trustees about what they are legally entitled to do with the trust assets, and we have a range of highly competitive prices to match.
Call us today to make an appointment to help you and let us guide you through.