JC Solicitors can provide expert and personal advice to help ensure a smooth transfer of assets from one generation to the next.
A Trust is an arrangement defined by law as a way of looking after assets such as money, investments, land or buildings, on behalf of one or more people. A Trust is created when you give assets to a small group of people (known as the ‘Trustees’) to hold on behalf of one or more people (know as the ‘beneficiaries’). A Trust can be made during your lifetime or within a Will.
JC Solicitors are highly regarded wills, trusts and estate planning solicitors and can provide expert and personal advice to help ensure a smooth transfer of assets from one generation to the next.
We’re good listeners and take time to understand your requirements so you have as much control and choice over your financial affairs as possible.
Why make a Trust?
The benefits of making a Trust including:
- Tax planning – by putting assets into a Trust you will help to avoid inheritance tax liability on those assets when you die. In some circumstances you can also avoid paying capital gains tax straightaway.
- Keep control – by putting assets into a Trust that you are one of the Trustees of you will remain in control of those assets. You may want to give assets to your children but feel they are too young to be responsible for them or worry they may simply sell them against your wishes. By putting the assets into Trust you can protect against these issues.
- Divorce/bankruptcy – if you put assets into a Trust it should prevent it becoming lost in the event of divorce, bankruptcy or death.
- Care home fees – if you put your home into a Trust, you may avoid the local authority being able to assess your home as part of your assets when deciding whether you can afford to pay care home fees.
There are many more benefits of making a Trust and there are various types of Trust available. JC Solicitors can advise which one is best for your individual requirements and advise you of all the tax implications and benefits of making a Trust.
What is the cost of making a Trust?
If you are looking for advice or assistance with making a Trust, we offer a free 30-minute initial consultation with no obligation. During this meeting we will discuss our service and wherever possible, we will offer a fixed fee so that you know exactly what your costs will be from the outset.
Click here to arrange your free initial consultation, or call our Alton office on 01420 544273 or our Chichester office on 01243 850860.