Trusts
Advice
A trust is a legal mechanism used to manage property, monies and investments.
Why might you need a trust?
Trusts are created for various reasons, some examples of which are set out below.
- Protect, control and preserve family assets for future generations;
- To minimize Inheritance Tax;
- When someone is too young or incapacitated to handle their affairs;
- When someone receives compensation due to a personal injury claim;
- To pass on the legal title to assets while you are still alive, or when you die; and
- If you want to set up a trust or want more information on this topic, our team at Lestons would be delighted to be of assistance.
Trusts explained
Trusts may look complex but can be useful. Before creating a Trust, you should seek professional advice. In considering a trust, we can advise on the role of the Trustee, and what you should consider when selecting trustees.
There are various types of trusts, including:
Deciding which trust is the right one for you and creating one can be quite complex. We can help you to keep it simple and make sure your interests are represented.
What if a trust and a will are conflicted?
To ensure there is no confusion we would suggest revising your will at the same time as creating a trust.
If you have a trust and a will, we advise you to have both documents checked by a solicitor to ensure they are not contradictory.
How we can help
Lestons currently second such work to a third-party independent specialist, please note we make no commission from these referrals but do need clients to open a case so that we can prepare a brief for them. To gain our assistance you need to open a case, this is done by taking advantage of our free consultation service, activated by the link at the top of the page, should you wish to start a case the caseworker will send you the suitable payment link.
Please note your caseworker can only give generic advice, their role is to prepare your details for handling by our legal team and to act as your point of contact, they will also issue you with your Password and PIN, these will be needed to log onto your client dashboard. From your dashboard you will be able to manage and view every aspect of your case, upload documents, images, files etc.