TRUSTS

A trust is a device whereby money, investments or property is held by trustees for the benefit of someone else, either named individuals or the general public.

A trust is sometimes set up when someone dies and directs that assets be held for a certain period and the income accumulated or paid ou,t or it can be set up by someone for charitable purposes or to avoid Inheritance Tax.

A Discretionary Trust, where assets are held and the capital or income is paid out at the discretion of the Trustees, is becoming increasingly popular as a method of minimising Inheritance Tax.

We can help with the creation or administration or alteration of trusts.