Our team of solicitors, which includes accredited trust and incapacity specialists, will take time to explain why a rust may be appropriate for you. They will consider the trust most suitable for your needs, taking into consideration the circumstances of the beneficiaries and all the tax implications.
Why use a trust?
Tax & succession planning
If your estate may be subject to inheritance tax, a trust can be a useful way to transfer assets out of your estate during your lifetime. You can determine who the beneficiaries of the trust are and if you wish retain control of gifted assets by being one of the trustees. We will help you to decide which type of trust is best suited for you.
One reason for establishing a trust is to protect assets. Assets can be placed in trust and managed by trustees for the beneficiaries. Some trusts are established because there may be concerns that a beneficiary’s relationship may break down. There may be financial difficulties, or you may wish to control the distribution of assets where there is a blended family.
Trusts for those who are vulnerable
Trusts are often used for those who are young, or for those who need support to manage their financial affairs. They can also be used for those in receipt of means tested benefits, including people who may have received a compensation payment for personal injury.
Championing noble causes, Charitable Trusts can create positive change. Designed to allocate grants to those who truly need it, these trusts are a measure of generosity. Beneficiaries of these charitable trusts can receive resources that change lives. Let Blackadders shape this commitment of benevolence and charitable purpose for you.
Administration of Trusts
We have a wealth of experience in the administration of both private family trusts and charitable trusts.
- the registration of trusts
- advising on the assets held
- general administration and accounting
- dealing with the taxation of trusts, including Inheritance Tax, Capital Gains Tax and Income Tax.
We handle payments to beneficiaries in a sensitive and supportive manner, providing legal and practical advice to the trustees at every stage in the life of the trust.