A Trust is a legal framework which allows you, known in this case as the Settlor, to pass or protect assets for a variety of reasons to a particular person or named persons or class of people, such as grandchildren, who are known as the beneficiaries. The assets are held by Trustees.
A Trust can be created either in lifetime or in a Will and the Trust Deed will give information as to how the Trustees should deal with the assets and how the beneficiaries should benefit.
Reasons to create a Trust
- Inheritance Tax planning
- Asset protection
- Passing assets to children under 18
- Passing assets to disabled or vulnerable beneficiaries
How can we help?
For further information please contact us.
For our office in Shoeburyness and Benfleet please contact Carly Dartnell on 01702 298282 or email firstname.lastname@example.org
For our offices in Chelmsford and Braintree please contact Roger Philpot on 01245 349696 or email email@example.com
For our offices in Ipswich and Norwich please contact Donna Taylor on 01473 26557 or email firstname.lastname@example.org