Trusts can be an extremely useful tool for managing your assets, and are part of the range of options available to a private-client lawyer for managing tax. Our wealth management specialists, Zandra Houston, Nigel Roots and Jane Maitland, are highly experienced in tax mitigation and the use of trusts to safeguard personal wealth.
We will advise you on the type of trust which best suits your needs and those of your family. This can be particularly important if there are very young or otherwise vulnerable family members to consider.
We will demystify the jargon which so often causes problems and misunderstandings. If the wording is clear and unambiguous it is far less likely that trouble and family division will be the unexpected result of what was intended to be a really useful medium to protect your family, or your business, or your home.
Different types of trust are often used to minimise tax, or to take advantage of tax loopholes. We do not believe in extremely artificial schemes which often fall foul of the Inland Revenue at a later date, but we will take advantage of tried and tested methods of tax mitigation through the use of trusts. We are always happy to work with your accountant or financial advisor.
If a trust is not suitable for you, or will not achieve your expectations, we will not be afraid to tell you so, and to offer you other alternative solutions. We pride ourselves on the proactive and creative approach we follow for the benefit of our clients and for the benefit of those for whom they have ongoing responsibilities.
To read our Guide to Trusts, click here.
For further information, please email us.