Estate Planning
Family Controlled Trusts

This means that the settlor (the individual giving away the asset), chooses responsible family members to look after the trust (the trustees) for the benefit of family members (the beneficiaries).

As soon as the asset enters the trust, only those named as trustees have a say on how it is distributed and only those named as beneficiaries can benefit. It also has the additional benefit of being potentially exempt from inheritance tax (IHT).

The focus of most clients’ concerns suggests that tax planning is secondary to the control of the assets. That is to say that most people are keen to protect their children’s inheritance in the events such as divorce, ensure that those who are not mature enough to manage their own finances can be provided for without them having direct access to the capital and that the family controls the family’s wealth.

At Churchill Wealth Management we are helping clients mitigate these concerns through the use of family controlled trusts. We aim to ensure our clients pay as little as possible on their estates by using flexible legal frameworks. These not only guard from punitive taxes but also protect bloodlines and ensure wealth remains within a family.

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