Trusts are an ideal way of protecting assets for the next generation and they are tax efficient. You may not realise that they are also an ideal way of providing security for vulnerable or potentially vulnerable beneficiaries, such as the elderly or those who have been awarded damages as a result of personal injury or clinical negligence.
Including a trust in your Will gives you the flexibility to control your assets after your death and allows your trustees to take tax efficient decisions for you. This provides welcome protection for under age or vulnerable beneficiaries.
We not only help people set up tax efficient trust structures, we can also manage them for you. This can be particularly beneficial when having to make decisions around the duties and responsibilities of trustees, complex tax compliance, annual accounts and running trustee meetings. By having Withy King manage your trust, you have all of the tax benefits and peace of mind without the burdens.