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 through different types of trusts such as lifetime trusts, Will trusts, life interest trusts, and discretionary trusts. We can help you to decide which trust is right for you and make the process as simple as possible whilst ensuring your interests are protected.
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
For expert advice on trusts and related matters, please contact our team on 01603 610911 or info@leathesprior.co.uk.