Trusts can be created for a number of different reasons. They are commonly created in a Will and can also be created during a person’s lifetime. This may be for tax or other plnning purposes and we can advise on the options that are available to you in your circumstances.
Talk to one of our friendly and experienced team on 01582 514000
The rules can be complex and it is important to understand and seek advice as to the best type of Trust for you to establish.
We prepare the Trust documents and can assist with the ongoing administration of the Trust if required. We can also assist Trustees to ensure their role and duties are understood in the ongoing administration of a Trust.
Once established a Trust is under the control of Trustees who manage the Trust according to the Will or instructions when the Trust was established.
Common reasons for setting up a Trust will include:-
The 2024 Budget introduces proposed changes to the Inheritance Tax (IHT) treatment of unused pension funds. Starting in April 2027, these funds will be included in the deceased’s estate for IHT calculations. This could significantly impact estate planning strategies, especially for those who have been using pensions to pass wealth tax-free.
The Law Society has warned that the severe backlog in probate applications is having a detrimental effect on those mourning the loss of their loved ones. The warning is part of the Society’s evidence to the Justice Select Committee’s probate inquiry. A Law Society spokesman said: “We are aware of significant delays to the probate
The husband of the late Dame Barbara Windsor, Scott Mitchell, has been named the People’s Champion of the National Mission to Beat Dementia. The appointment comes alongside £6 million in funding to boost clinical trials and innovation to detect and treat the disease early. The ‘Dame Barbara Windsor Dementia Mission’ was launched in August 2022,
Our experienced solicitors are on hand to give you advice and assistance.
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