Trusts legal advice
Trusts solicitors
A Trust Deed is a legal arrangement that places property under the control of appointed trustees, to administer to the benefit of those named in the Deed or Will. A trust can be a great way of managing and protecting your assets during your lifetime and beyond and can also reduce the amount of inheritance tax payable on your death.
What we can do
At Irwin Mitchell we help clients to draw up their Trust Deed, making the best of their assets and investments. We can also take over and administer existing trusts and help prepare any appropriate legal documentation. We work closely with our investment department to obtain appropriate advice on the investment of trust assets.
About trusts
Trusts are separate legal entities and are taxed independently for income tax, capital gains tax and inheritance tax purposes, so they are an effective means of separating your estate to avoid tax generally.
People have lots of personal reasons for speaking to us about a trust, but the main reasons are:
- To make provision for their family, now and in the future
- To assist in effective tax planning, especially in reducing the amount of inheritance tax payable on death.
- To make a gift to a loved one, but with conditions (for example, you can set guidelines on how your trustees should administer the trust, and at what age and in what circumstances the beneficiaries can have access to their share).
- To protect assets that for some reason, they think it inappropriate that a beneficiary has full and free access to.
For more information call 0870 1500 100, or use the links above to drop us a line.