A trust is a legal concept in English law where property is legally owned by one person, but held on trust for the benefit of another. For example, a grandparent may give a sum of money or a piece of property to be held upon trust for their grandchildren when they reach a certain age.
For a variety of reasons many people wish to transfer their home or other assets from their name into that of another, or change the way in which they hold joint assets. This may have specific advantages, but we recommend that you discuss all the relevant issues fully so that you are aware of all the risks and benefits.
We can set up simple pilot trusts, asset protection trusts or advise on the benefits of discretionary trusts.
It is of the utmost importance you use a trust that is the most beneficial to you. Our specialist solicitors are therefore on hand to provide the assistance you need to make the right decisions. Friendly and approachable, our team has the experience and skillset to ensure the trust you end up with is one that will benefit you and your family most. We provide:
- An explanation of trusts and how to use them
- Advice on how to use trusts in your will
- An asset protection trust tailored to your personal circumstances
- Inheritance tax implications for trusts
Get in touch
If you would like to know more about how our tailored services can best suit your needs, do not hesitate to get in touch. Although based in Greater Manchester, we can provide high-quality legal assistance to those who need it around the UK. Call us today on 01706 624 029, or fill in the online contact form.