Trusts are powerful legal arrangements that allow you to protect and manage your wealth for the benefit of your chosen beneficiaries. Whether you want to safeguard assets for future generations, minimise tax liabilities, or ensure controlled distribution of your estate, trusts offer flexibility and security that a will alone cannot provide.
At Fairweather Law, we specialise in creating tailored trust structures that align with your personal and financial goals. From inheritance tax planning to protecting vulnerable beneficiaries, our expert solicitors will guide you through the process with clarity and confidence.
Trusts provide a versatile and powerful way to manage your assets both during your lifetime and after your death. When structured properly, they can offer significant benefits across multiple aspects of wealth management and family protection.
Inheritance Tax mitigation
By placing assets into a trust, you can potentially remove them from your estate for inheritance tax purposes after seven years, reducing your tax liability. Trusts combined with Business or Agricultural Property Relief can also help preserve family businesses and farms while benefiting from valuable tax exemptions.
Protecting vulnerable beneficiaries
Discretionary trusts allow trustees to manage funds for family members who may not be able to handle money themselves, such as those with disabilities. Life interest trusts enable a spouse or partner to benefit from assets during their lifetime, with the capital passing to other beneficiaries, like children from a previous relationship, after their death.
Controlling asset distribution
Trusts let you control when and how beneficiaries receive their inheritance, for example by staggering payments at certain ages or milestones. They also help protect assets from risks like divorce, creditors, or care home fees.
Business and property planning
Family business trusts support smooth succession and protect business assets. Property trusts can avoid probate delays and ensure your home or investment properties pass to the right people efficiently.
Trusts are not just for the wealthy
Trusts are a practical tool for anyone looking to protect their family’s future. Fairweather Law will help you choose the right structure and ensure it works as intended.
Contact us today for a free initial consultation.
Our clients receive outstanding service, building continuing relationships that ensure they and our business partners return to us repeatedly for their legal needs.
Our legal fees are tailored to the local market, we regularly monitor our rates compared to larger organisations. Being a relatively small firm ensures that our rates remain competitive.
Free initial 30-minute phone consultation for both businesses and individual clients. Our legal team will discuss your needs and guide you in the right direction from the very start of our relationship.
With offices throughout Suffolk, extending into Norfolk, and an expanding client base in the London area, we are confident in our ability to provide you with the highest standard legal advice, no matter your location.
We take pride in providing clear, straightforward advice without overwhelming you with unnecessary legal jargon. Our personalised approach and our ability to put you at ease, ensures a positive outcome.
• Setup costs vary depending on their complexity. Contact us for a free initial consultation and a no-obligation estimate of costs for you to consider.
• Ongoing costs include trustee fees, tax returns, and occasional legal reviews.
With Fairweather Law your first consultation is always free.
Call on 01728 724 737 or fill in the form and we’ll get back to you to arrange a consultation.
Copyright © Fairweather Law Limited
