From inheritance tax to the protection of family members to residential care home fees, trusts can be used to protect assets both during lifetime and after death. Trusts have a particular relevance today with more people having second families and the need to balance the competing interests of current spouses and children from a previous relationship.
If you have a disabled child or beneficiary who has lost capacity then a trust can be used to preserve any benefits they are receiving and to protect their inheritance.
Our areas of expertise include:
- Setting up lifetime trusts (also called ‘inter vivos’ trusts)
- Discretionary trusts
- Life interest trusts (also called ‘interest in possession’ trusts)
- Will trusts
- Personal Injury and Disabled Persons trusts
- Advice on winding up trusts
- Deeds of Appointment and Retirement of Trustees
- Deeds appointing trust assets to beneficiaries
- Advice on the duties of Trustees
Feel free to contact our team for expert advice on 01603 610911 or info@leathesprior.co.uk.