Trust and Tax Planning
Brief Overview
Trusts and tax planning are set up for your benefit or that of your family.
Trusts can be set up in your lifetime, for example;
- Living together agreements
- To hold property for minors, those living abroad or otherwise incapacitated
- To pass property on to the next generation without losing control of it e.g. shares in a family company
- To allow you and your spouse to benefit from property, while ensuring it passes on to your family on your death
- To allow people you trust to look after your affairs at a time you are unable to do so without involving the Court of Protection
Or by will, perhaps;
- To save tax
- To allow people you trust to look after assets for the benefit of your children while they are young
- To postpone decisions about who from your family should benefit and how until after your death, when the tax and financial position of family members is clearer
- To allow trustees to look after your dependants, without giving them control of where the money goes after their death
- To provide for handicapped, improvident, young or as yet unborn descendants
Alic joined the firm in May 2022. Alic qualified as a Private Client solicitor in 2018 and specialises in all areas of Private Client work, including Wills, Powers of Attorney and Estate Administration. In his spare time Alic enjoys playing and watching sports, particularly football and cricket. He also enjoys spending time with his family and friends.
Laura joined the firm over a year ago and enjoys working with a range of clients and companies dealing with sales, purchases, remortgages and right to buy. Laura works with her clients very flexibly including holding one to one meetings. Her clients describe Laura as helpful and going above and beyond to provide a thoroughly excellent service.