The setting up of a trust can be an effective financial planning tool to manage and protect your assets in the future. A trust allows you to gift some or all of your property, such as cash, your house, shares and life assurance policies, to someone else. It allows you to transfer ownership of specified property in the future with the transfer being managed in line with your wishes by an elected third party or trustee.
A trust is an ideal way of managing your inheritance tax liability and making sure you assets are distributed properly with certainty of your control.
There is a wide variety of trusts available with your personal circumstances and wishes determining the right choice. If a trust could be a good option for you, GHC will advise on the right one for you as well as making the necessary arrangements to set it up.