A trust fund is a protected fund. To get the right protection it is crucial you get the legal wording right. A specialist solicitor will help you get it right.
There are many reasons why you might want to create a trust fund. If you have a child with physical or mental disabilities, a trust can ensure they are properly looked after when you die. Equally, you might want to ensure you are cared for if something happens and you can’t look after yourself.
You can also set up a trust to safeguard your assets from bankruptcy, divorce or other relationship breakdown, or to protect your children’s or grandchildren’s inheritance or specify its use, for their education for example. If you are a business owner, you may be able to take advantage of special arrangements for business assets.
It is crucial you get the legal wording of a trust right, so you will need help from a specialist solicitor. Our experts have a wide range of experience setting up, administering and dissolving trusts and can advise you the best way forward taking into account your personal circumstances.