The Right Type of Trust Will Create More Certainty in an Uncertain World
We’ll help you build a more secure environment for your assets and a safer future for your family
Trust Protection planning involves making prudent decisions today to protect yourself, your business and hard earned assets from loss due to downturn or disaster
This type of planning is particularly prudent to all our clients who want to protect their assets while they are still alive and may cover transferring your risk to insurance or protecting your assets through legal entities like Trusts, so they are exempt from taxation.
While no one believes that lightening can strike them it does happen and wealth created from a lifetime of work, saving and investing can be lost overnight.
We Promise to assist you create a legacy when you’re no longer around and ensure your assets are passed on from one generation to the next without paying taxes and duties
| Features of our Trust service | How This Can Benefit You |
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Trusts can be complex, that’s why careful risk management advice through the correct use of of Trusts need to be given special consideration right now, as part of your planning strategy.
Trust are an excellent vehicle to hold and protect both personal and business assets. If you transfer the legal ownership of the assets to the trust while continuing to use and enjoy them. For example, if the family home is in a trust, you no longer personally own the house – but you could still live in it if that’s what the trust deed states.
Call us today at 0800 614 997 for your free consultation or click the box below to have our Trust and Asset Protection specialist call you at a time that suits.
All calls are handled discretely and we value your privacy.
Worry Less, Accomplish More.
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Looking for more information on TRUSTS
If you are using a trust for Inheritance Tax planning, it is important to take care that you create the correct type for your needs.
You should also take care as to how many trusts are created and the type of assets which are to be held in each. The timing of creating the trust as opposed to other gifts should also be taken into account
All assets held within a trust are subject to tax under UK tax laws. This means that any assets you place in a trust will be liable for taxation.
For taxation purposes, trusts are normally settled during the lifetime of the person involved.
These trusts fall into two categories: either Absolute Trusts (or Bare Trusts) or, alternatively, what are known as Flexible or Discretionary Trusts.
- An Absolute (or Bare) Trust sets out the beneficiaries and this is fixed and cannot be altered at a later date, whatever the circumstances. The beneficiaries of this type of trust have a right to any assets held upon the age of eighteen.
- A Discretionary (or Flexible) Trust is similar in that the beneficiaries are named, but the trustees are given a role to advance income or other assets should they feel that this is appropriate for the circumstances involved
Why Choose Reid Scott Ross
As one of U.K.’s most respected financial planning firms we are fully invested in our clients, meaning our insights and advice that will be clear, relevant, actionable and achievable, showing you in practicable steps how you can get there from here.
Call us today at 0800 614 997 for your free consultation or click the box below to have a Reid & Scott Financial adviser call you at a time that suits.
All calls are handled discretely and we value your privacy.
Worry Less, Accomplish More
