Is a member of your family in need of some assistance in dealing with their financial affairs?
Are you concerned that your interest in a property is not adequately protected?
Have you considered setting up a charitable trust?
Do you wish to make provision for school fees?
If the answer to any of these questions is yes, then it's time to think about trusts.
At Tolhurst Fisher we advise and act in all aspects of the creation and administration of trusts in the UK, including day-to-day administration and taxation. We advise and negotiate on behalf of clients where disputes arise between parties in respect of a trust and on their powers and duties.
Our advice covers:
We can also advise on all aspects of administration and winding up of trusts and how they can address the complexities of:
Asset protection with either young or spendthrift family members in mind, and provision against creditors
Mitigation of inheritance tax
Second or subsequent marriages and divorce
Financial provision for disabled persons or those with other incapacity
Advising trustees on policy issues as the next generation reaches adulthood and becomes entitled to significant assets, then reorganising the trusts to make appropriate provision for each beneficiary
Advising potential donors on making lifetime gifts of assets without incurring a capital gains tax liability
A trust can be set up during your lifetime or take effect on your death. We can help you decide which assets could be placed in trust and advise on the appointment of trustees.