There are many reasons why trusts are created. They may have been included in a person's Will or set up during a person's lifetime for tax planning purposes. Or they may have been created to protect the interests of a disabled relative or the proceeds of a personal injury claim.
Whatever the reason, at Lamb Brooks our specialist team will be able to create the appropriate solution for your specific wishes. We will talk through and discuss with you what you want from a trust, advising you about the suitability of different types of trust and set out the options that are open to you.
Should you wish to instruct us to create a trust or generally discuss an on-going administration, please contact us for further information.
There are many situations where it might be undesirable to make outright gifts of large sums of capital, including but not exclusively:
- Where beneficiaries are very young or vulnerable
- Where you want flexibility on allocating income and capital between different beneficiaries
- Where you want a beneficiary to receive income only
In these, and many other situations the solution involves the use of a trust.
For more information on trusts contact us today.