Trusts can be very useful when used correctly. They can be an excellent way of saving tax, protecting wealth and achieving simple solutions for families with complications e.g. where there have been second or third marriages. When there are various individuals who want different things, how do you create harmony? Answer – you create a well structured trust! Our experienced Solicitors and support staff will explain how Trusts work and how they can help you find a solution that will work for you. You may want to protect your children’s inheritance from a broken marriage/relationship. You may want to support an elderly parent who can no longer look after their own finances. You may want to pass on some of your savings to your children or grandchildren but you don’t want them to receive the money yet. These are just some examples of where Trusts can help. They don’t have to be complicated and they are easy to understand if they are explained properly.
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