Why you need a Trust

 03 June 2020
Why you need a Trust

Many of you will understand what a Trust is, but not how having the right Trust in place can benefit you and your loved ones.

Trusts have been instrumental in protecting assets and tax mitigation since the nobility first used them to protect their lands and wealth when they went off to fight in the Crusades.  Nowadays, you don’t have to be a wealthy landowner or part of the nobility to take advantage of the many benefits Trusts can provide.

When assets (property, cash etc) are distributed directly to the beneficiaries of a Will the value of these assets are now considered to be part of their estate. This could seriously impact vulnerable adults, such as those who are in receipt of means tested benefits, or those not capable of making their own decisions and young dependants. 

Contact us to discuss how a Trust can protect your hard earned assets.  To book your online review via Skype, Zoom or phone:

These inherited assets are also now at risk of attack from the following issues:

  • Remarriage after first death
  • Divorce / separation of the beneficiaries
  • Creditors / Bankruptcy claims
  • Care costs
  • Taxation

Having the correct Trust(s) in place essentially ring fences your assets providing protection from the above risks, from the family home, investments and any business or agricultural assets, whilst still be immediately available to your chosen beneficiaries after you are gone.

To learn more about HOW Trusts can protect your hard earned assets contact us

Watch our video on What is a Trust

Read our Trust page to find out more

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During our initial discussion Panthera (Paul) fully explained the Will making process. We were made aware that our assets could be exposed to various risks such as Care Costs. Panthera (Paul) advised on how we could protect these assets by setting up Family Trusts. Having decided to go down this route Panthera (Paul) provided all the legal documentation in a timely manner despite having to work within the constraints of Covid-19 restrictions.

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