Trusts and Estate Planning
Trusts are a popular estate planning tool and if they are used correctly they can offer protection against:
- Inheritance Tax (IHT)
To find out how we can help you with your Trust and Estate Planning, contact us on 0203 507 1609.
What is a Trust?
A trust is a legal structure that can be set up in life or on death. Simply put, the person making the gift (settlor) transfers assets to the trustees of the trust for the benefit of the beneficiaries.
The legal ownership sits with the trustees not the beneficiaries. This is different to an outright gift where the ownership sits with the beneficiary, where problems can arise if that person were; not yet an adult, to divorce, die, be made bankrupt, or receive means tested benefits.
What is Estate Planning?
Every family is different, the dynamic between members varies from family to family. This means that there is not one universal solution on how best to plan your estate both during your life and after your death.
Complexities can and will arise throughout life and this can result in conflict in both family and business relationships.
The world is rapidly changing and becoming increasingly complex. Families wish to ensure that future generations are looked after. This is why BLM has created our estate and legacy planning service to enable you to see the path ahead clearly.
At the heart of this process is inter-generational planning, we will work in collaboration with you and your existing advisers (or if appropriate refer you to people we trust) to ensure that your needs and priorities are met. We will assist you in establishing your estate plan and will give you bespoke advice regarding legacy and succession issues rather than simply providing you with standard advice.
We will ensure that your estate plan puts measures in place to ensure that your affairs will be looked after during your lifetime (through wealth management and Lasting Powers of Attorney) and that future generations of your family will be provided for after your death through appropriate legacy planning.
We can help you make the best possible decision when it comes to your Trust and Estate Planning. Please contact us to make an appointment to discuss your Trust and Estate Planning.
With the right planning, you can protect yourself and your loved ones. Find out more here.
If you are thinking about making a Will and you don’t know where to start, our Estate Planning Checklist should make things a little easier. There is no one size fits all, the purpose of the checklist is to highlight matters that are important to you, that you may not have previously considered. Access the Estate Planning Checklist here.
We want to help you make the best possible decision when it comes to your Estate Planning. We believe that it is a given that you should expect the correct legal advice and standard of service from your solicitor.
Our mission is to provide you with the best possible value – above and beyond the industry standard.
We will present the options available to you and advise on the best way forward, so you can make a fully informed decision that is right for your own personal circumstance. We advise; you decide.
During these uncertain times, we want to give back to the community and give people peace of mind. Therefore we are offering a free 30 minute personal risk conversation to discuss your wills and estate planning and give you one less thing to worry about
To find out more, click here.
"Clearly explains crucial points in question, highly efficient, and conducts everything in a friendly manner."
PRIVATE WEALTH CLIENT