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Absolute Trust

When you are certain about who you wish to benefit from a trust and there is no doubt, you may wish to consider an absolute trust, also known as a bare trust.

It is important to note that once this trust is set up, the beneficiaries cannot be changed.

Asset Protection Trust
helping you protect, what you could easily lose

Discretionary Trusts
the trustees have 'discretion' about how to use the income received by the trust

Absolute Trusts
a trust for when you are certain about who you wish to benefit

Gift & Loan Schemes
find out how to reduce your Inheritance Tax liability

Wills & Trust
remain an important estate planning mechanism for us all

You must be certain.The money inside this trust cannot ever be claimed back by you and can be demanded by the beneficiaries at age 18 (16 in Scotland).

Tax Charge

This type of trust is not subject to the 10 year periodic tax and exit charge rules that most other trusts are subject to.

This type of trust may be suitable for:

Parents or grandparents who wish to put lump sums of money in trust for their children
Parents or grandparents who wish to put potential life insurance pay outs on death in trust for their children
Couples who wish to put potential life insurance pay outs on death in trust for each other
Settlors (the person making the gift) who wish to avoid the periodic or exit tax charges

more information on Absolute Trust...

These trusts are not suitable if you require a degree of control or flexibility to change the beneficiaries.

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Reid Scott and Ross is Authorised and Regulated by the Financial Services Authority.
Reid Scott and Ross is entered on the FSA register (www.fsa.gov.uk/register/) under reference 185094,
Registered company address: Reid Scott and Ross Limited, 211/213 West George Street, Glasgow G2 2LW. Registered in Scotland No SC175625