FAMILY TRUSTS INFORMATION

Saving in a tax free environment has enabled our clients to acheive greater rates of growth on their savings than they would have aceived had they left their money in a bank.

Advantages of using a Trust

Total confidentiality regarding one’s assets and their disposal, and the settlor’s wishes will be adhered to

Trusts are a good tool for tax planning and to reduce tax liability as they are not affected by the EU Savings Tax Directive

Intentions under a Will are only effective on death whereas a Trust becomes effective immediately

Assets are accessible more quickly on death as probate is avoided

Through a will, one’s assets are made public on death whereas details of assets held in Trusts are not made public

Simple and transparent cost structure

Used in estate planning due to tax exemptions