Estate Planning - Keep more of what you make

Trusts

‘IN THIS WORLD NOTHING CAN BE SAID TO BE CERTAIN EXCEPT DEATH AND TAXES’ BENJAMIN FRANKLIN

Trust funds are a key part of estate planning. Trusts funds are a legitimate and well-established way of ring-fencing some of your estate from your inheritance tax liability.

Although the capital is locked in a trust fund, you may be able to have the interest as a form of income – so you are still making use of the trust fund money, you haven’t given it away, but you have removed it from your estate.

Setting up a trust fund

A trust is a legal arrangement where one or a group of people or a company control money or assets which must be used for the benefit of named beneficiaries.

Setting up a trust fund is a technical process, which is where the team at Hartsfield comes in.

We will work with you to decide how much you want to put into a trust, and what sort of trust you want – you may want a child trust fund, for example.

You will need to decide who you want as your trustees – perhaps family members or friends, or you could choose a company.

For more information about trust funds and how they can help with your estate planning, please get in touch with the team at Hartsfield.


You and yours estate planning guide

ESTATE PLANNING GUIDE

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