It has been said that for every family problem or situation there is a trust that can be constructed to suit the need. Creating the right type of trust to match your particular situation requires specialist help.
A Trust is a fund which contains assets that are controlled by you and/or a nominated third party for the benefit of a specific individual(s). They are governed by complex legal regulations and separate tax rules. A Trust can be set up at any time during the lifetime of an individual to become operative immediately or, not until your death. We can set up a trust for you, assist in its management through to changing or breaking a trust.
Whether creating the trust by Will, or in your lifetime, selecting the trust type and its terms is very important. For maximum flexibility it is usual to give the trustees wide management powers so that they are better able to respond to any changes in family matters or taxation laws. With such wide trustee powers, however, be sure to choose your trustees carefully.
At Frederic Hall our experience and independent advice enables us to guide clients through the various complexities of trusts and their use for tax planning and family reasons.
Contact us at our Folkestone or Dover office for an appointment