News and articles – Trusts
We want to let you know of some important changes that could affect you, or someone in your close circle of friends or family. This April, the new Finance Act takes effect. It brings in a range of legislation which may affect your retirement plans.
For most people, the act of setting up a trust is not something they can see themselves doing. It gives the impression of being the preserve of the rich and famous – something that film stars might do to ensure that their offspring, a gaggle of (possibly undeserving) "trust fund babes", don't come into the money at too young an age.
But for a private client solicitor, a trust is just a useful tool. It can solve some of our clients’ tricky problems and may also reduce their inheritance tax bill.