Trusts for Private Wealth Management.

Types of Trusts.

Discretionary Trusts

A discretionary trust gives trustees the flexibility to decide how and when assets or income are distributed to beneficiaries. This is especially useful when planning for younger generations, protecting against financial risks, or ensuring fairness between family members.

Key benefits:

• Efficient use of allowances for inheritance tax on trusts
• Option to safeguard assets from divorce or creditors
• Protects vulnerable beneficiaries while trustees control distributions
• Can include business trusts or property interests for continuity

Life Interest Trusts

A life interest trust allows a spouse or partner to benefit from income or use of the family home for life, before passing the asset to children. This can balance the needs of a current partner with the inheritance rights of children from a previous relationship.

Business Property Trusts & Agricultural Trusts

For business owners or farming families, business property trusts and agricultural relief structures preserve value and reduce exposure to tax. Reliefs such as Business Property Relief (BPR) and Agricultural Property Relief (APR) can be used to protect family enterprises while ensuring continuity for future generations.

Asset Protection Trusts

An asset protection trust shields wealth from risks such as divorce, bankruptcy, or care fees. It is often used to safeguard assets for children or grandchildren while providing income to a surviving partner.

Succession Planning

Succession planning ensures your wealth is transferred securely, fairly, and tax-efficiently. Whether you want to set up a trust, preserve a family home, or prepare for future generations, we provide guidance on the law of trusts and equity and trusts law to avoid disputes and reduce complexity.

• Opportunities to vary the Will post-death for IHT efficiency

This tailored approach ensures valuable assets, like farms or family businesses, are passed down without unnecessary tax liabilities. It also enables future generations to benefit from the groundwork laid by previous ones.

A Private Client Solicitor Oversees the Process

We provide a complete service when helping you create a trust, including:

• Initial consultation on structures, tax implications, and funding options
• Drafting the trust deed tailored to your estate
• Registering the trust with HMRC
• Managing trust funding, banking, and investment strategies
• Ongoing administration, income from the trust reporting, and anniversary charges
• Advice on taxation of trusts, including trusts and capital gains tax and trusts income tax

With our expertise in trusts and estates, you gain peace of mind knowing your planning is compliant and tax-efficient.