Trusts
A trust will usually be created either for tax reasons, or, increasingly, as an alternative to an outright gift to an individual to protect capital. Trusts are either created during the lifetime of the settlor, the person putting an asset into trust, or by will to take effect on death and are either interest in possession trusts or discretionary trusts. Both are excellent vehicles for preserving property and cash assets for future generations; providing for the future needs of children or grandchildren such as education or a future deposit for a home. They can also be used for retaining control, for example, over a family company.
‘Thanks again for your kind advice in guiding us at this difficult time”
When you come to Callaghans, you will only see a solicitor who is a member of the Society and Trusts Estates Practitioners, the professional body for the trust and estate profession worldwide.
