For many of our clients, trusts are a useful way to assist in tax planning and to preserve assets. There are various types of trusts and they can be created during your lifetime or by your will. At QualitySolicitors Brennans, we offer help and advice regarding the administration of trusts for clients across Wallsend, Whitley Bay and the whole of Tyneside.
Trusts can be used to safeguard your interests if you’re buying a house with someone, especially if you aren't married. They can also be used to protect your assets in case of bankruptcy or divorce and, if you have children, to ensure that their inheritance is protected when your estate passes to your surviving spouse. If you’re a grandparent, you might choose to use a trust to provide for your grandchildren’s education or help with their first home. We call these Family Asset Protection Trusts.
If you're a business owner, a trust can allow you to advantage of special provisions for business assets. An asset protection plan can help business owners to shield their assets from potential risks by placing them in the control of a Trustee.
Our specialist team are here to guide both you and your family through each stage of the legal process, providing advice and support and answering any questions you may have about whether or not a trust is right for you. Our first free advice promise guarantees you speak to the right professional free of charge. Contact us on 0191 262 5133 or drop by our Wallsend office to speak to us today.