Planning and Creation of a Trust.

A Trust is the formal transfer of assets (it might be property, shares or cash) to a group of people or a trust company with instructions that they hold the assets for the benefit of others. If the trust is to be made in your life time to take immediate effect, then it is usually evidenced by a Trust Deed often referred to as a "Settlement". If it is to be created on or shortly after your death then the trust rules must be set out in a "Will Trust".

Why make a Trust?

Throughout their history trusts have been used to avoid or address problems in two main areas; Taxation and Family matters.

In your lifetime, you can create a trust into which you can place chosen assets which you no longer need. This reduces your own wealth and thus your exposure to Inheritance Tax and could save significant amounts.

Trusts for family reasons have been created for many years to solve a number of potential problems. One of the most popular reasons for creating a family trust is to hold assets for children or grandchildren who are due an inheritance but who may otherwise receive too much, too soon.

It has been said that for every family problem or situation there is a trust that can be constructed to suit the needs. Creating the right kind of trust to match your particular situation requires specialist help. Trustees are, of course, able to exercise an element of discretion and care is needed in choosing capable and reliable trustees who appreciate the interests of different members of the family but who are able to make firm decisions if put under pressure to utilize their discretion inappropriately.

Members of Carter Hodge hold the prestigious qualification of Trust and Estates Practitioners and have the expertise, integrity and reliability that you can expect and can depend upon.