Tax-efficient strategies to safeguard your assets

Trusts are legal structures that protect property and assets for your intended beneficiaries. I’m here to guide you through your options and set up the trust for you if you decide it’s right for you.

Disabled or Vulnerable Persons Trust

Setting up a trust for a disabled or vulnerable person is a way to protect their means-tested benefits and support packages.

You appoint trustees who make decisions to meet the needs of the disabled or vulnerable person. And it’s a tax-efficient way to deal with the money as it receives special treatment for income tax, capital gains tax, and inheritance tax.

Property Protection Trust

A Property Protection Trust ensures that your surviving spouse or partner is able to continue living in the home you shared together. They have a right to occupy the home, event though they don’t technically own all of it.

By setting up the trust, your share of the property transfers into the trust, and it’s protected from future assessment for long-term care fees.

The main benefit of this trust is that it preserves the property’s value for future beneficiaries, such as your children or grandchildren.

Family Asset Protection Trust

You can move your home and savings into a trust, which you use for your own benefit while you’re alive. Upon death, the trust is managed by professional trustees on behalf of your beneficiaries.

It’s a way to protect your children’s inheritance, particular if your surviving spouse remarries. But there are a number of other benefits to this trust too. Again, it all depends on your circumstances.

We can talk about whether or not it’s right for you in an initial consultation.