TRUSTS

A trust is a formal transfer of money or property, usually to two or three other people, who are called Trustees, so that they can hold the money or property for other people’s benefit.

Trusts can potentially operate for very many years and can be tailored to suit any situation. They are usually created to deal with issues of taxation or family matters.

If you want to reduce your family’s total tax liability, protect your family against future financial difficulties, or provide for the care of incapacitated or handicapped people, forming a trust may well provide the ideal solution.

There is a common perception that trusts are only for wealthy people. This is a false perception as the cost of setting up and administering a trust need not be prohibitive. Latimer Hinks can provide expert advice on how trusts can help you, as well as making any necessary arrangements.