Trusts are normally prepared for inheritance tax reasons and to protect assets.

The following is a short guide to some of the more commonly used trusts used by families, individuals and business owners for asset protection and tax and estate planning.

Lifetime trusts

Property, cash, investments or policies can be placed in to a trust to be held for your beneficiaries, for example a spouse, children or grandchildren.

Such trusts are set up by a person during their lifetime and so different form trusts which are created in wills.

Specific Trusts

Wrigleys can also advise you on more specialised trusts designed for specific purposes. For example:

Asset Protection Trusts.
Charitable Trusts.
Employee Trusts.
Disability Trusts / Special Needs Trusts.
Compensation Protection Trusts.
Care Fee Planning Trusts.

Trust Management

In addition to advising on and setting up trusts, Wrigleys also manage trusts on your behalf which may include:

annual accounts.
tax returns.
distributions from the trust.
winding up the trust.

Please contact us for further details or to discuss your requirements.

We are proud to be ranked by Legal 500 as the leading firm in Yorkshire and the Humber for agriculture and estates and personal tax, trusts and probate, and by Chambers as one of only two top-tier private client firms in Leeds.