safeguarding your assets to maintain your legacy
A trust is a legal agreement between you and a trusted person, or organisation, to hold assets such as cash, real estate and other investments for the benefit of someone else.
A trust can be used to support a charity, to protect assets until a child reaches a specified age or to provide income for family after your death.
As well as protecting assets, trusts can offer valuable tax planning advantages.
Is a trust right for you?
There are many different reasons to establish a trust:
- Do you have complex assets that require professional stewardship?
- Do you have a family member who is unable to manage their affairs due to interllectual impairment or addiction?
- Do you have a family member who is at risk of divorce, bankruptcy or litigation?
- Are you part of a blended family?
- Are you interested in tax savings for your beneficiaries?
- Would you like to support charitable causes now or as part of your estate?
If you answered 'yes' to any of the above, we recommend seeking advice regarding establishing a trust.
role of a trustee
A trustee is a person or company, who manages the trust and is the legal owner of the trust assets. Trustees have a duty to carry out the terms of the trust, act in the best interests of all beneficiaries, and avoid conflicts of interest or resolve them if they arise. Above all, a trustee must be impartial and prudent. Find out more about the obligations and responsibilities of a trustee.
There are many different types of trusts that we can establish and manage for you, each of which serves a specific purpose: