A Family Trust can provide you with extra peace of mind that your loved ones will get the most out of your assets when you are no longer there to take care of them. It can be a more secure way to pass on your wealth opposed to doing it via a Will or gifts.

Our team can assist you by setting up a Family Trust, ensuring your wishes are followed and  your assets are protected.

There are three parties in a Trust:

1. Grantor (Individual setting up the Trust)
2. Trustees (Those who will manage and administer the Trust)
3. Beneficiaries (Those who will benefit from the Trust)

Some of the benefits of a Family Trust:

• Reduce the tax your spouse will be left with when you die.
• Ensure family members assets are protected when they are unable to do so for themselves.
• Reduce inheritance tax bills.
• Ensure your family are financially looked after whilst still being tax efficient.
• Ensure assets are protected if your spouse divorces you.
• Clear outline of how your assets should be split when you die.
• Avoid or reduce Probate.

Speak to our team to learn more about how a Family Trust can benefit you.