Trusts
Do you need a Trust?
If you answer yes to any of the following questions, a family trust may be appropriate for you:
Trusts
Why Trusts are Invaluable:
The main reason to use trusts is to preserve, protect, and provide longevity to individuals’ estates. Trusts help achieve this through two main features:
Trusts are highly effective when planning the transfer of money and assets between generations, especially in situations involving complex family structures, divorces, and second marriages.
With the increasing frequency of marriage breakdowns, the rise in personal assets used for long-term care costs, and the expanding number of individuals subject to Inheritance Tax on their estates, the need for effective trust planning and their popularity have grown.
Trusts
The Use of Trusts:
Trusts have been utilized by families for centuries and have deep roots in British history, dating back to figures like Richard Whittington. Trusts are also commonplace in everyday life in the UK, including in company pension schemes and charitable organizations.
For you, the most relevant type of trust will be one established to manage your family’s financial affairs. This provides you with significant confidence, knowing that the assets placed in trust will be used according to your wishes while allowing you to retain control over them. Trusts serve as a means to protect and manage money or property for individuals who may not be ready or capable of doing so themselves. Trusts can even be created to benefit future generations, including children, grandchildren, or great-grandchildren.
Examples of family situations where trusts have been used are:
Trusts
Professional Trust Planning
Until recently, professional trust planning was primarily associated with the wealthy due to the required expertise and associated costs. However, the reason these individuals invest in trust structures is simple: efficient preservation of family wealth against factors such as taxation, divorce, or strained relationships.
Our Trust Portfolio includes:
At Watermead Trust Planning, we specialize in providing professional trust planning services to help you safeguard and preserve your family’s wealth for future generations. Our experienced team is dedicated to understanding your specific needs and tailoring trust solutions that align with your goals. We are committed to providing comprehensive guidance and support throughout the entire trust planning process.
Contact us today to discuss how our trust planning services can benefit you and your family.
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Get in touch
If you would like to speak to us about Estate Planning, please find all our contact details listed below: