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Trusts

Trusts are effective ways of arranging your property (tangible or intangible) for the benefit of others without giving them full control over it. They are most commonly used to ensure financial security for families and/or to reduce Inheritance Tax liabilities. A good way of describing the benefits of trusts is:

 

“Right hands, right place, right time”

 

There are a number of different types of trusts available and we at Cavendish Brooke Estate Planning can help you with most of these. A list of the most commonly used trusts and their uses is below:

-  Discretionary Trusts - family and asset protection
-  Spousal Bypass Trusts - Inheritance Tax mitigation and Estate Preservation 
Vulnerable Persons Trusts - security for minors or disabled people 
-  Bare Trusts - family and asset protection/gifting 
Charitable Trusts - managing charitable assets tax-efficiently 
-  Pension Trusts - Inheritance Tax mitigation 
-  Property Trusts - reduce forced sales to fund care home fees 
Business Property Relief Trust - protect the value of your business assets from Inheritance Tax

Many people are concerned about potential Inheritance Tax and trusts are a useful and legal way of mitigating this, as far as it is possible to do so.

There are many other occasions where a trust might be useful and we are normally able to help and advise you on most of these.


The products and services promoted here are not part of the Openwork offering and are offered in our own right. Openwork accept no responsibility for this aspect of our business. Will Writing is not regulated by the Financial Conduct Authority.