Asset Protection Trusts
Trusts are ideal for any one with assets over £100,000, and a 'must' for people with assets over £325,000, or who own a business.
A trust is a legal arrangement for managing assets. There are different types of trusts and they are taxed differently. We offer an exclusive range of trusts to suit every situation.
Reasons for setting up a trust:
- Holding assets for minor children
- Protection from Care Fees assessed against a loved one
- Protection from thrid party interest in your assets (i.e. Creditors).
- Providing for a spouse while protecting assets for your children
- Holding funds for a vulnerable beneficiary
- Paying grandchildren’s school fees
- Guarding against divorce or bankruptcy claims against children
- Continuation of existing means-tested benefits
- Protection from Inheritance Tax
- Reducing probate costs
In a trust, assets are held and managed by one person or people (the trustee) to benefit another person or people (the beneficiary). The person providing the assets is called the settlor.
Different kinds of assets can be put in trust, including:
- Cash
- Property
- Shares
- Land
- Boats
- Life polices
We can advice on why, when and which trust, asset selection, trust management, compliance with tax obligations and regulatory requirements.
Contact us for more info 0800 887 0475