Eleanor Gadd
Associate, Private Client

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Trust creation

Trust creation

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Eleanor Gadd
Associate, Private Client

eleanor.gadd@asb-law.com

Trust creation

Trusts can be used in a wide range of family, commercial and financial situations including to:

  • Trusts-guideavoid, or at least minimise, unnecessary tax liabilities, whether income, capital gains or inheritance tax
  • provide financial security for family and future generations
  • protect your assets – this can be particularly relevant in the event of divorce or financial difficulties
  • assist persons with incapacity – a trust can be used to hold assets for a disabled or incapacitated individual who is unable to hold the assets themselves and/or to protect means-tested benefits
  • hold assets for minors until they reach 18, or until later if you’d prefer they took control of those assets at a more mature age
  • deal efficiently with pension or life insurance benefits

Trusts can be established during your lifetime (when they’re known as Settlements), or on death through Wills or intestacy.  Their terms and flexibility can vary significantly, and we can advise on the alternatives before preparing trusts that accurately reflect your wishes and effectively achieve your aims.  We can also advise trustees on their duties and responsibilities, and on all aspect of administering trusts.

For more information on trust creation and to start a conversation on how we can help you please contact Eleanor Gadd, Associate, Private Client.Eleanor Gadd

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