DISCRETIONARY TRUSTS

 
Various possible uses include:

  To remove assets from your estate for inheritance tax purposes whilst retaining some control over what happens to those assets in the future

  To provide a Trust Fund which your spouse can have access to after your death, without increasing your spouse's estate for inheritance tax purposes

  To provide a Trust Fund which can be distributed at a later date in accordance with circumstances at that time

   To provide a Trust Fund for your children's benefit which is protected against claims from their creditors on bankruptcy or their spouses on divorce

  To provide for a disabled or infirm relative who would lose out on welfare benefits if they received a capital sum or a fixed income

   To provide a Trust for death in service or life assurance benefits to pass into after your death, so that your spouse's estate will not be increased for inheritance tax purposes
 

ACCUMULATION AND MAINTENANCE TRUSTS

TRUSTS FOR THE DISABLED

 
Tax privileges make these an effective way to benefit a disabled person without jeopardising their entitlement to welfare benefits

PROTECTIVE TRUSTS

FIXED INTEREST TRUSTS

 
To provide a regular income or a place to live for your spouse, your partner or your children whilst protecting the Trust Fund capital or the property itself for the future benefit of others

CHARITABLE TRUSTS

BARE TRUSTS

 
To provide an investment fund which will pay out to your child or other young relatives when they reach adulthood