Are you concerned about protecting your assets as you grow older? At Jones Whyte, we understand the importance of safeguarding your wealth and securing your family’s future. That’s why we’re regarded as market leaders in the provision of Family Protection Trusts.
Our expert Trust lawyers are here to guide you through the process of setting up a trust protection plan that’s tailored to your unique circumstances. We understand that no two individuals or families are the same, and that’s why we offer bespoke advice to help you achieve your specific goals.
Family Protection Trust planning is not a “one size fits all” service. It requires careful consideration and personalised attention to ensure it meets your needs. Our experienced lawyers will work with you to understand your objectives and provide advice on how best to structure your Family Protection Trust to protect your assets, minimise inheritance tax, and ensure your wishes are respected.
With our help, you can rest assured that your wealth is in safe hands.
Contact us today to schedule a consultation with one of our expert Family Protection Trust lawyers.
Contact us for a confidential discussion about your case.
What is a Family Protection Trust?
To understand the workings of Family Protection Trusts, it’s essential to first grasp the fundamentals of Trusts and how they work within Family Protection Trust planning.
In simple terms, a Trust is a legal arrangement whereby you transfer ownership of your assets to a third party, known as the “Trustee,” who holds them on behalf of the Trust’s members. The Trustee is responsible for managing the assets in line with your wishes, and those who receive disbursements from the Trust are referred to as “beneficiaries.”
By placing your assets in a Trust, they are no longer considered personal property, which means they are protected from potential legal challenges and creditors. Additionally, the assets may be subject to different Inheritance Tax (IHT) rules.
You can establish a Trust during your lifetime or specify one in your Will, which comes into effect upon your passing.
How Does A Family Protection Trust Work?
Are you considering setting up a Trust for the benefit of your family members? A Family Protection Trust is a popular option for many individuals looking to safeguard their assets and provide for their loved ones.
There are numerous reasons to set up a Family Protection Trust, including:
Setting funds aside for future generations.
Passing assets on to a child or grandchild, but not until they are older.
Protecting assets when entering into a marriage.
Ensuring that a spouse can benefit from family assets for the rest of their life before assets are passed on to children.
Passing assets on to family members tax-efficiently.
Protecting assets against claims from creditors when self-employed.
How do You Set Up a Family Protection Trust?
Are you considering setting up a Family Protection Trust but not sure where to start? A Family Protection Trust can be established during your lifetime or through a provision in your Will that comes into effect upon your death. It’s a great way to protect your assets and ensure they are managed according to your wishes
To set up a Family Protection Trust, you will need to name Trustees who will be responsible for managing the assets held in Trust. It’s important to carefully consider the assets you want to place in the Trust, as well as any specific instructions you have for how those assets should be managed. Our experienced Family Protection Trust Lawyers can guide you through this process and ensure that your wishes are clearly documented.
There are many different options available when it comes to the type of Family Protection Trust you can set up, it can be overwhelming to navigate the options on your own. That’s where our Family Protection Trust lawyers come in – we can help you understand the different types of Trusts and choose the options that are right for your specific needs.
Don’t leave your assets to chance – contact us today to schedule a consultation with one of our expert Family Protection Trust lawyers and take the first step toward securing your future.
Arrange Your Initial Appointment
Don’t wait any longer to start protecting your family’s assets and securing their financial future. Contact us today to arrange your free, no-obligation Jones Whyte Family Protection Trust consultation.
Why Should You Choose Jones Whyte to Set Up Your Family Protection Trust?
Jones Whyte have a team of highly skilled and experienced Family Protection Trust lawyers who can guide you through the process of setting up a Trust that meets your unique needs and objectives. If you choose a Jones Whyte Family Protection Trust you can be guaranteed:
Tailored solutions: We understand that each client’s circumstances are different, and we work closely with you to understand your specific needs and goals. We then develop a customised solution that is tailored to your unique requirements.
Expertise: Our team of Family Protection Trust Lawyers has extensive experience in setting up a wide range of Family Protection Trusts. We have the knowledge and skills required to create a Trust that is tax-efficient, protects your assets, and ensures that your wishes are respected.
Client-focused approach: At Jones Whyte, we put our clients at the centre of everything we do. We take the time to understand your concerns and provide practical, straightforward advice that is easy to understand.
Professionalism: Our team is committed to maintaining the highest standards of professionalism in everything we do. We are dedicated to providing exceptional service and ensuring that your trust is set up correctly the first time.
Cost-effective solutions: We believe that setting up a Family Protection Trust should be affordable for everyone. That’s why we offer cost-effective solutions that provide exceptional value for money.
We are committed to providing you with the support and guidance you need to set up a Family Protection Trust that meets your needs and objectives. Contact us today to schedule a consultation with one of our expert Family Protection Trust lawyers.
Estate Planning Services From Jones Whyte
When it comes to estate planning, Jones Whyte offers a comprehensive range of services to help you protect and manage your assets, and ensure that your wishes are respected after you pass away.
From setting up a Family Protection Trust to drafting a will, our team of experienced Estate Planning Lawyers is here to provide you with the guidance and support you need to make informed decisions about your estate.
Power of attorney . A power of attorney is a legal document that allows someone you trust to manage your affairs if you become unable to do so. Our team can help you set up a power of attorney that gives you peace of mind, knowing that your affairs are in capable hands.
Probate/Executry Services. After you pass away, your estate will need to be administered. Our estate planning lawyers can guide you through the process and ensure that your wishes are carried out in a timely and efficient manner.
Don’t leave your loved ones’ future to chance. Take control of your Estate Planning with the help of our specialist solicitors at Jones Whyte.
Our expert team can guide you through the complex process of estate planning, and help you create a tailored plan that reflects your unique needs and objectives. Whether you’re looking to set up a Trust, draft a Will, or create a Power of Attorney, we have the expertise and experience to help.
Meet the experts
Our expert Wills, Trusts and Estates solicitors can help you structure your estate in the best way to protect your wealth for the future, provide for your loved ones and minimise tax.
With our support, you can ensure that your wishes are respected and your loved ones are provided for after you pass away. Plus, you’ll have the peace of mind that comes with knowing your estate is in capable hands.
So why wait? Contact us today to schedule a consultation with one of our Estate Planning solicitors and start planning for your future.
We are authorised and regulated by the Law Society of Scotland (www.lawscot.org.uk) and Solicitors Regulation Authority (www.sra.org.uk) A list of members of our firm is available upon request from our Registered Office at The Connect Building, 3rd Floor, 59 Bath Street, Glasgow, G2 2DH
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