When you set up a trust, you are able to give away assets while still retaining some control over them. You can structure your trust to provide income to different beneficiaries, with the capital eventually going to other people.
Trusts are particularly useful in estate and inheritance tax planning, for example if you are and your partner are not married or in a civil partnership or where arrangements for passing on your estate wealth are made more complex by previous marriages where stepchildren are involved.
If you wish to know more about our Trusts and Estates services in Leeds, Yorkshire or would like to arrange a free initial meeting to discuss in more detail how we can help you, please contact Liz Rogers – liz.rogers@kirknewsholme.co.uk DD 0113 2044226
