Trusts have always been a popular way of protecting property and managing assets.
A Trust is created when a person transfers property to people known as Trustees. The way the Trust property is to be dealt with is set out in a document known as the Trust Deed.
Trusts can be set up for charitable purposes, such as education, or established specifically for the benefit of the members of the family.
You may want to set up a Trust for some of the following reasons:
- To protect assets for family members.
- To ensure certain assets are transferred intact to the next generation.
- To protect family members or a family business from possible relationship property claims.
- To manage the assets of someone who is unable to manage their own affairs.
- To split income or manage marginal tax rates.
Our experts have the training and experience to advise you on all Trust matters. It is important that you understand your Trust and that it fully meets your needs. A Trust Deed is an important legal document and you should obtain legal advice and assistance before establishing a Trust.
Breaden McCardle Lawyers offers an Independent Trustee Service through bespoke corporate entities. We can advise if this service would benefit you or your Trust. Our terms and conditions for acting as a Corporate Trustee can be viewed here.