Putting a Trust in place can save your family a great deal of money. The taxes on your estate can be crippling, especially if much of your assets are in property.
It’s not unusual for people to marry more than once and if you’ve bought a property with a partner or in joint names with a second spouse, the children of your first marriage may lose their inheritance. A Trust allows you to put funds for their future to one side where only they can benefit.
Everyone has a unique set of circumstances and our specialist team will help to guide you on the best way to look after your family and protect your assets with a Trust.
To make an appointment and discuss your plans complete the enquiry form of click here to contact your nearest Hine Solicitors. Let’s explore how a Trust could help you to manage your finances.
Providing for your children
If you want to be sure that your children are properly provided for a Trust can fulfil that. If you have young children or a child who needs special care ensuring they are looked after without suffering any hardship is a sensible step.
Protecting your assets
Trusts can offer an excellent way to lock your assets away from future inheritance tax. However, to be legal and effective they need to be drawn up carefully.
Supporting a cause
A Trust can be created to provide funds for a cause you support. This can provide ongoing income for the cause not just now, but for years to come.