Trusts
A trust is a legal structure which you may choose to create in your lifetime or in your Will in order to make provision for your spouse or partner, your minor children or grandchildren or others.
A trust enables you to:
- Reduce the size of your estate in your lifetime which may result in a tax saving on your death
- Make financial provision for a spouse or partner while protecting capital for your children from a previous relationship
- Provide financial provision for a child or grandchild until they are old enough to have control of those funds
- Provide financial protection for a person who has special needs to ensure that they are protected in case any support offered by the State is reduced in the future
We will provide guidance on the tax implications of both creating and running a trust. Trusts are not appropriate for everyone. We will discuss your circumstances with you and advise on the advantages and disadvantages of making a trust to ensure that it is the right choice for you.
