Blackadders' Private Client Team has a great deal of experience in the set up and administration of Trusts for individuals and charities. 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 can be used for a variety of purposes including Inheritance Tax planning, protecting assets, and creating a charity.
Setting up a Trust for your family or for a charitable cause requires the assistance of an expert. Family trusts, for example, 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, and 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, etc. There are, of course, many other types of family trusts and we have the expertise to advise you on the most appropriate set up for your needs.
Charitable Trusts are often set up to allow grants to be made to people or bodies with a particular need, and are often a valuable source of funds for the organisations who benefit from their awards.