Why Trust Planning Matters?
Around 60% of UK people die intestate, which can make things very complicated for your beneficiaries when it comes to distributing your property or assets as you wish. However, when WealthMax assists you in setting up a trust, you can avoid the delays and increased costs that occur when adequate inheritance tax planning isn’t carried out. When trusts are established, they not only provide clear instructions regarding who receives your assets or property but also how they’re passed on. For example, without a trust, the beneficiary may simply receive a lump sum, which can lead to irresponsible spending and disputes among family members. Our experts can help you in setting up a trust in which trustees hold your assets for the benefit of your heirs. They offer a flexible way to transfer your assets while retaining control over how they're distributed. This also protects your assets from creditors and inheritance tax by reducing the overall size of your estate. Trusts are subject to legal and tax rules that may change. Tax treatment depends on individual circumstances. Professional advice is recommended to ensure suitability.
What we Offer?
Trusts are widely used as part of inheritance tax planning and they come in a variety of different forms, something you'll find out about when talking to our experts. They include:
Bare Trust
Beneficiaries have an immediate right to the trust assets.
Interest in Possession Trust
Beneficiaries are entitled to income from the trust but not the capital.
Discretionary Trust
Trustees have discretion over how assets are distributed to beneficiaries.
Charitable Trust
Assets are held for charitable purposes.
Life Interest Trust
Beneficiaries are entitled to income for life, with capital passing to other beneficiaries upon death.
Asset Protection Trust
Shields assets from creditors and long-term care costs.
What are Benefits of Trust planning?
Shield your wealth from potential creditors, divorce settlements, or financial disputes, ensuring it stays within the family.
Control How Wealth Is Used
Decide exactly how and when beneficiaries receive assets, helping prevent misuse or overspending.
Support Future Generations
Set aside funds to provide long-term financial support for children, grandchildren, or vulnerable family members.
Efficient Tax Planning
Use trusts to manage inheritance tax more effectively, helping to preserve more of your estate.
Ensure Continuity and Stability
Trusts provide a structured way to transfer wealth, reducing disputes and giving your family peace of mind.
FAQs
Looking to Secure your Wealth through Trust Planning?
Wealthmax is here to help. Our advisers are experienced in trust planning and can create solutions to protect your assets and ensure they reach the right beneficiaries. Contact us today to secure your wealth and provide peace of mind for your family.