A trust is a way of managing assets (money, investments, land or buildings) for people. There are different types of trusts and they are taxed differently. Trusts can be beneficial to protect your assets. Read More
How can a Trust help you?
Trusts are set up for a number of reasons, including:
You must think about the assets you wish to give to the trust. Once you give them to the trust they will no longer be yours. You must also select a minimum of two people known as your trustees to manage the trust. They must also follow the instructions you have given them in your Will or trust deed.
Understanding trusts and the tax implications and the on-going administration of trusts can prove complex for some. Here at Baches, we can explain these to you in more detail. To ensure peace of mind that the correct trust has been set up and the on-going administration of them is carried out correctly please contact our Private Client Team