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There are many reasons why you may want to create a trust. For example, a trust can be made when a person is too young (under the age of 18) or is unable to manage their own affairs due to a lack of mental capacity, or to be able to pass on money or property whilst alive.
A trust is commonly used as a way of allocating your assets for the benefit of beneficiaries. A trust can be created within your will to protect property that you hope to pass onto your family and is widely used when providing for children in a will or when taking care of vulnerable loved ones.
The people who look after the property in a trust are called trustees. They look after property or other assets for the benefit of one or more other people. The people who stand to benefit from the property in the trust are called beneficiaries.
CLA Trust & Legacy Planning can help you draft, set up and manage your trust. We can offer advice as to what type of trust is best suited to your needs and help to decide how a trust will be managed.
Please contact us today to arrange an appointment.