Trusts and lifetime planning

Trusts and lifetime planning

A trust is a formal, legal agreement that means one or more persons takes responsibility for safeguarding assets on behalf of someone else. Whether these assets are money, property or something else entirely, they are entrusted by someone, from a legal point of view, on behalf of someone else.

There are different types of trusts from family trusts that protect family assets to non-family trusts for organisations such as charities or even trusts in wills which safeguard a younger member of the family’s future.

Trusts have a valuable role to play in the protection of assets and the safeguarding of family wealth for future generations but they are often quite complex. It is essential that you seek expert legal advice where trusts and lifetime planning are concerned.

Consultation

At Tayntons we have specialist expertise in this area and can help on the appropriate trusts, how to select trustees, and how to plan effectively for the future.

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