Whether you are looking to manage funds for one or more beneficiaries, provide a fund available for the family, or protect your wealth for the future, the use of a trust can be advantageous.
The success of a trust depends on:
- the right structure to make sure it achieves your intended outcome;
- is flexible enough to cater for potential changes and
- it must be well managed.
Setting up and running a trust
We can do just that. We will consider what trust structure would be the most appropriate in your circumstances, advise on the tax implications of setting up and running the trust, and help with the ongoing management.
Trusts are set up for many different reasons. They can:
- protect the inheritance of your chosen beneficiaries;
- redirect your inheritance with tax efficiency in mind (using a Deed of Variation and trust);
- help the intended recipient of a gift to manage the assets if he would benefit from the guidance;
- maximise the availability of tax reliefs and exemptions, including business property relief and agricultural property relief;
- protect your wealth for future generations;
- receive payments made on death under pension or life policies with a view to maximising the benefit those funds will give to your family;
- be created with a nominal amount initially with a view to receiving significant funds later on. These are known as “pilot trusts” and are often used to receive funds on death to save inheritance tax; and more.
Why choose Furley Page for advice about trusts
- Furley Page is recognised by The Legal 500 for our expertise in estate planning, Trust and tax advice.
- Many of our team are members of the Society of Trust and Estate Practitioners (STEP) which is the leading worldwide professional body for practitioners in the fields of estates and trusts.
- We have a Chartered Tax Adviser
- Our solicitors have a great deal of experience in advising generations of families.