There are many benefits of having a trust, with one of the key reasons being to ensure that your assets are set aside for your beneficiaries, outside the scope of inheritance tax.
However, they can also prove to be useful for raising funds for your children’s education and maintenance, or in the event that you need to provide for those who are mentally or physically incapacitated.
Gibson Booth has many years’ experience in advising on the most suitable type of trust to suit your circumstance. Furthermore, we can set up trusts and assist individuals with the accountancy issues surrounding trusts.
To learn more about trusts, please get in touch with our team.