Trusts can be used for a variety of purposes, and offer more options when it comes to financial affairs. Their purposes range from Tax planning and protecting assets, to creating a charity.
Types of Trusts
Family trusts are often used to make provision for children or grandchildren. Money (or other assets) is transferred to trustees to be administered until the children are grown up. The fund is then transferred to them at a specified age. While the trust is running, it is able to provide money to help with education and other needs.
There are, of course, many other types of family trusts. The team at Blackadders family law have the expertise and experience to advise you on the most appropriate setup for your needs.
Charitable Trusts are often set up to allow grants to be made to people or bodies with a particular need. These are often a valuable source of funds for the beneficiaries.
Why Choose Blackadders?
The team at Blackadders has experience in the setup and administration of Trusts for individuals and charities. Setting up a Trust for your family or for a charitable cause requires the assistance of an expert.
Whatever your wish regarding the transfer of your assets, going through your options with a lawyer ensures the process is managed competently and securely.
Trusts Team Members
Our people are our most important asset and are fundamental to the success of the team.