Trusts

Trusts

Trusts can be created in your lifetime or upon your death via your Will.  There are several types of Trusts serving different purposes.  

 

Examples of why you might consider setting up a Trust Fund or Account are:

 

• To transfer assets to mitigate the impact of inheritance tax but still be in “control” by being a trustee.
• To benefit your children or grandchildren whilst they are minors whether it be during your lifetime or upon your death.
• To mitigate tax liability by creating a Trust for pension death benefits or a life insurance policy
• To provide for a family member who is physically or mentally incapable of dealing with their own financial affairs
• Family Trusts and Asset protection – to ensure that the family assets ultimately stay within the family
• To preserve monies received as part or all of a personal injury damages award.  It may be advisable to place these monies in a Personal Injury Trust, a Trust designed to protect entitlement to means tested benefits following a Personal Injury damages award

 

At Crane & Walton LLP we can advise you on all aspects of Trusts, whether it be advising on tax implications or Trust Deeds, administering a Trust or winding up a Trust. We are also happy to act as Trustees and regularly do so for our clients.

 


 

 

 

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Leicester
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Coalville
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Coalville
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Fax: 01530 810886
Office Hours: 9:00am to 5.00pm
Melbourne
William's Yard, Derby Road
Melbourne
DE73 8JR


Telephone: 01332 863810

Office Hours: 9:00am to 5.00pm
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