TRUST ADVICE & CREATION IN SCOTLAND

With a trust, you can:

• Control how your assets are used in the future.
• Appoint reliable people to administer your trust.
• Protect vulnerable or underage beneficiaries.
• Maintain your entitlement to claim means-tested benefits following an injury.

Family Protection Trusts are often regarded as complicated, but they really don’t have to be. At its simplest, a trust holds assets on behalf of people who cannot or perhaps should not own them outright themselves.

With a professionally drafted trust you can go a long way to protecting your cash, assets and family members. There are a host of financial and welfare benefits to creating a trust, but financial advice must be sought if you are considering a trust – as there are many tax and financial implications you must be made aware of before creating a trust.

There are many forms of trust you can make now or that can be set-up in the event of your death. The type of trust that fits your wishes will depend on your personal circumstances, preferences and financial situation. Each type of trust comes with its own requirements and tax implications – be it Capital Gains Tax, Income Tax, Inheritance Tax or any other tax regime.

Contact us today on 0141 628 5544 to make an appointment, or email us now at info@weirlaw.co.uk. You can also send us a Free Online Enquiry.