For many people, 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.
Trusts can be used to safeguard your interests if you’re buying a house with someone, especially if you’re not married. They can also be used to protect your assets from 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 use a trust to provide for your grandchildren’s education. Plus, if you’re a business owner, there are additional benefits of using trusts to take advantage of special provisions for business assets.
At QualitySolicitors, we’re experts in trust creation and administration and can ensure that trust law is applied in the most effective manner for your personal circumstances. Our specialist solicitors can guide you through the complexities of trust law and ensure that you are clear on what your trust arrangements will achieve.
With our free initial assessment promise, it doesn’t cost you a penny to see how we can help you. So if you’re thinking of setting up a trust, call one of our experienced, local solicitors today on 08082747557.