Understanding Trusts
Trusts are not just for complex estates or high-value assets. They can be used for a wide range of reasons, from helping children or grandchildren in the future to protecting family wealth, supporting someone who may need help managing money, or making sure assets are dealt with in line with your wishes.
At Richard Reed Solicitors, we take the time to understand your personal circumstances and what you want to achieve. We will explain the different types of trusts in a straightforward way, help you decide whether a trust is right for you, and make sure everything is set up properly and tailored to your needs.
How we can help
Setting up trusts as part of your estate planning
Helping you structure your assets to protect your wealth and ensure it is passed on in line with your wishes.
Trusts created through a Will
Putting trusts in place within your Will to provide long-term protection and control over how your estate is distributed.
Protecting assets for children or vulnerable beneficiaries
Ensuring assets are safeguarded and managed appropriately for those who may need additional support.
Inheritance tax planning involving trusts
Using trusts as part of a wider strategy to help manage potential inheritance tax liabilities.
Advice for trustees on their duties and responsibilities
Providing clear guidance to trustees so they understand their legal obligations and how to manage a trust effectively.
Reviewing or updating existing trusts
Assessing current trusts to ensure they still reflect your circumstances, intentions and any changes in the law.
