Trusts
A Trust is a highly flexible and tax-efficient legal arrangement used to manage and protect assets from those who will be the beneficiaries. Whether you’re looking to secure your children’s inheritance, support a vulnerable relative, or reduce your inheritance tax liability, a Trust can offer long-term peace of mind.
Common Types of Trusts
There are several types of Trusts used for different purposes, including:
- Trusts for children or grandchildren – Protects inheritance until they reach a certain age or milestone.
- Trusts for disabled persons – Ensures long-term care and financial security without affecting benefits
- Nil Rate Band Discretionary Trusts – Helps reduce inheritance tax by using available tax allowances effectively.
Why Set Up a Trust?
- Protect family wealth across generations;
- Provide for vulnerable or young beneficiaries;
- Plan ahead for tax efficiency;
- Avoid probate delays and legal complications;
- Retain control over how and when assets are distributed.
Trusts: Flexible and Future-Focused
Trusts can be created at any time and don’t need to wait until your death. This makes them an excellent tool for lifetime planning and estate protection.
Speak to Our Trust Lawyers in Scotland
Our expert solicitors offer practical advice on setting up, managing, or reviewing Trusts. Whether you're just starting to plan or need guidance on an existing arrangement, we’re here to help.
