Estate Planning
Estate Planning Summary

Trusts are effectively a legal framework that are set up by a Settlor.

The settlor decides who will ‘manage’ the trust. These are the trustees.

The settlor decides who will benefit from the trust. These are the beneficiaries.

A trustee can be a beneficiary but a settlor cannot.

Estate Planning Benefits include:

• Preserving family assets for children and grandchildren in the event of divorce.
• Protecting assets for a spouse and enabling them to withdraw income.
• Potentially reducing your inheritance tax liability.
• Preventing children or individuals from inheriting property outright when they may not be in a position to manage their affairs responsibly but allowing them an income stream.
• Preventing future generations from paying inheritance tax on your assets.