Trusts are a highly specialised area of law which can be extremely complex and there are many reasons why people may make a Trust. By way of example, a Trust could be used in order to minimise your Inheritance Tax liability. If you are married and looking to reduce your Inheritance Tax burden, one of the first things you should consider is updating your Will to include a Nil Rate Band Discretionary Trust. For more information see our Trusts factsheet.
As well as being a useful tool to minimise your Inheritance Tax liability (see our Inheritance Tax factsheet), a Trust can be an extremely flexible means of providing for your family in difficult circumstances such as caring for a disabled beneficiary who is unable to look after their own finances.
Bell & Buxton has a specialist team, recognised in the 2015 UK edition of The Legal 500, which can advise you on all areas of Trust law and Inheritance Tax planning.
Please contact: Charles Neal (0114 249 5969)
Please note that all enquiries will be treated in the strictest confidence.
Bell & Buxton - Sheffield - Yorkshire, Telegraph House
High Street, Sheffield, S1 2GA
t: 0114 249 5969
f: 0114 249 3804
DX: 10529 Sheffield 1