Professional guidance on Trusts in Urmston, Stretford and Sale

One of the main concerns we have after we pass is how we can continue to provide financially for family members and loved ones. In the event of your death, if you haven’t already created a trust, you risk HMRC devouring part of your estate through inheritance tax and your assets not being managed or distributed to beneficiaries in the way you would choose. At My Law Matters, we have helped many clients in Urmston, Stretford, and Sale with Trusts to protect their estate for the next generation.

Common types of Trusts

Trusts are an expansive and complex aspect of the legal framework, and the only time most people consider setting up a trust is when making their will. There are four types of Trusts we generally create for clients:

  • Life Interest Trusts
  • Property Trusts
  • Discretionary Trusts
  • Charitable Trusts

The trust you opt for will depend heavily on your financial and personal circumstances, but with My Law Matters, we can guide you to deliver the right sort of trust for you.

Why Trusts are an excellent idea

There are many worthy reasons for creating a trust, including:

  • Protecting your assets to pass on to the next generation
  • Providing the funds to educate your children and grandchildren
  • Deliver financial assistance for vulnerable loved ones
  • Provide financial aid to children and partners from other relationships
  • Manage personal injury compensation
  • Lessen inheritance tax liabilities
  • Protect assets from creditors or divorcing partners

Opt for a highly tailored and expert service

We’re highly attentive to the needs of each client and liaise with them to develop a trust that meets the needs of them and their family. Contact our team today if you live in Urmston, Stretford or Sale and would like experienced advice on setting up a trust.