What can a Trust do for you?
PROTECT VULNERABLE DEPENDANTS
Trusts can provide for your dependents who may not be able to manage their own affairs, such as children, the elderly, the disabled, or persons suffering from illness. They also allow trustees to manage property if you no longer have the physical or mental capacity to do so, potentially saving many thousands of pounds in care home fees.
PROTECTING YOUR HOME AND ASSETS
A trust can help preserve your family home and assets against third-party claims while avoiding the need for probate, a process that can be time-consuming and costly, typically ranging from 1.5% to 5% of the value of an estate.
TAX AND FINANCIAL PLANNING BENEFITS
Trusts can be used to utilise inheritance tax allowances more effectively and may also play a role in more specialist situations, including Mortgage Warehouse Financing Workouts.