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Trust Advice

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Trust Advice

In the course of organising your affairs, you may wish to protect your assets (for example, if you are worried about care home fees) or provide for very young members of your family. In both of these cases, it may be appropriate to draw up a Trust.

A Trust is a private legal arrangement where the ownership of your assets (such as property, shares or cash) is transferred to other members of your family or close friends. They would become your trustees, and would be charged with looking after these assets for the benefit of third person, or group (e.g. young children or grandchildren). These Trusts can take effect during your lifetime (a “lifetime settlement”) or shortly after death (a “will trust”).

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Why do I need Brockbanks?

Trusts are often used in some of the following situations (often in conjunction with a will):

  • To provide for a husband or wife after death while protecting the interests of any children;
  • To protect the inheritance of young children until they are old enough to take responsibility for their own efforts;
  • To provide for vulnerable relatives who are unlikely to be able to look after their own affairs, and;
  • To help succession planning in family businesses.

Our solicitors have provided practical advice to countless numbers of clients, and would be happy to assist you in setting up a Trust.

For further information, please contact us at any of our offices. We will be happy to see you at a time convenient to you, or at your home if you prefer.