Trusts & Tax Planning

Trusts can be a particularly valuable tool in this type of estate planning, protecting assets and ensuring that they are passed on in accordance with your wishes. They can be created during your lifetime or incorporated into your will, and are often used when beneficiaries are too young or vulnerable to manage assets themselves or when you wish to protect wealth from creditors or relationship breakdowns.

There are a number of different types of trusts that can be used, including discretionary trusts, life interest trusts, and bare trusts. Our Private Client lawyers deal with all of these on a frequent basis and can help you to choose and put in place a structure that appropriately reflects your wishes.

We understand the technical and practical issues involved in setting up a trust, and know how important it is to ensure that the outcome is a tax-efficient one. Utilising extensive experience advising individuals, families, trustees and beneficiaries across a wide variety of circumstances, the guidance our trusts lawyers provide you will always be practical and transparent, allowing you to feel confident in the decisions you are making.

Based across Devon at offices in Torquay, Exeter and Plymouth, our team also works closely with a number of accountants and independent financial advisers who have proven track records in providing high-quality and independent advice. We are also members of professional bodies, including STEP (Society of Trust and Estate Practitioners), the Probate Section of the Law Society and Solicitors for the Elderly. 

If you would like to receive trustworthy legal advice regarding trusts and tax planning, please get in touch online or via one of our Devon offices.