You should seek advice about discretionary trusts if you want to provide for someone who:
The list is not exhaustive and there will be other individuals who could benefit from a trust. We can also help set up personal injury trusts to protect benefits if you have received compensation following an accident or an award from the Criminal Injuries Compensation Authority (CICA).
Benefits
There are four key benefits to setting up a trust.
What is involved
We can guide you on who to appoint as Trustees and make sure they have the powers they need to operate the Trust effectively. We can also advise on the specific type of Trust you need, depending on your family circumstances and any tax implications.
You will normally need a new will. This will leave money into a Trust rather than to particular individuals. Other members of your family can use the same Trust. For example, if your own parents want to leave money to your children.
Cairn Legal
Regent House,
113 West Regent Street,
Glasgow, G2 2RU.
0141 221 7948
info@cairnlegal.co.uk