Contrary to messages from the Government, trusts are not just a means of saving tax, although they can be used very effectively for that purpose. Trusts provide a way of passing on assets to your children or others in ways that continue to give you control over the assets, and protect your children from claims by creditors and spouses and even against their own possible misguided actions.

Despite recent changes in the tax law surrounding trusts, they can still be very tax-efficient and provide tax benefits that ordinary gifts cannot.

At Wansbroughs, our team of trusts and probate solicitors has extensive, in-depth experience in setting up flexible trust arrangements to cater to changes in family circumstances over many years, and advising on how trusts can be used and when they are appropriate. We can also assist with the administration of a trust and the documentation and ongoing tax analysis if changes to the terms of the trust are required.

If you are thinking of passing assets on to your children or younger generations, a trust arrangement will generally be worth considering. If you already have one or are involved in a trust with which you need some help, we have the knowledge and the skills to keep things running smoothly.