Trusts

A Trust is a way of managing assets for people. There are different types of trusts and they are taxed differently.

If you would like to make sure that your wealth passes to your children when they are mature enough to handle it, or you would like your assets to remain in trust indefinitely to provide your dependents with a place to live or an income, a trust could be the solution.

Once your assets are in trust, they are technically no longer yours. They do not form part of your estate, so they are not subject to inheritance tax.

They are set up for a number of reasons including:

  • Minimisation of Inheritance Tax
  • Safeguarding of control over assets
  • Protection of those assets
  • Will planning
  • Income Tax management
  • Care Home costs management

Trusts are a complex area, but are a great way of making sure as much of the wealth you built up during your life time is passed on, protected and continues be used the way you intended.

Need further information

If you would like some additional advice about our services, please do not hesitate to get in touch. Please call or Jessica Payne, Maria Hankins or Mark Griffiths on 01743 241281 or email jessica.payne@dykeyaxley.co.uk, maria.hankins@dykeyaxley.co.uk or mark.griffiths@dykeyaxley.co.uk.

Meet the experts

Jess Swift

Jessica Payne

Tax Client Manager

Shrewsbury

Maria Hankins

Maria Hankins

Tax Client Manager

Shrewsbury

mark griffiths

Mark Griffiths

Director

Shrewsbury

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