What is a Family Trust?

A trust involves giving assets, which can be money, stocks and shares, property etc. to Trustees who administer the assets in accordance with the terms of the Trust.

There is a common perception that Trusts are only for the wealthy, but with comparatively high house prices, many more families are being caught by Inheritance Tax, merely because of the value of the family home. With careful tax planning, such as arranging a pattern of lifetime gifts, or making a Will, the payment of taxes such as income tax, capital gains tax, and inheritance tax can be minimised or even avoided.

Wills and Probate - Tilly Bailey & Irvine
How can we help?

How can we help?

The Trust team, which is part of the Private Client Department, acts for a number of trusts, including Charitable Trusts. The team has experience in the creation, administration and winding up of Trusts. It provides a full service including the preparation of annual accounts and completion of annual income tax returns.

Our specialist probate solicitors can offer impartial, honest, and caring advice on all aspects of Wills, Tax Planning, Care, Estates and Powers of Attorney.

Call: 01429 856744