Trusts are a
very misunderstood concept: most people see them as complicated and only for
the exceedingly wealthy. This is not necessarily the case, and Trusts have been
an integral part of our legal framework since the days of the crusades, when
Lords used to transfer their castle and land to the custody of their friends or
family when heading off to war to safeguard them for their wives and children!
Times have changed greatly since then, but the underlying principles
remain the same. A Trust is a formal transfer of money or assets (such as
property) to two or more people (referred to as Trustees) who look after the
assets for other peoples benefit under the terms of the Trust.
In
the current day, Trusts can be a very flexible method of potentially
safeguarding assets against taxes, future financial difficulties or as a way of
providing for young, incapacitated or disabled people in the future.
At
Mills Kemp & Brown we can assist with the creation and management of trusts
to deal with any circumstances and we aim make matters as simple and trouble
free as possible. Whether it is to look after your Castle or your town centre
terrace, we are more than happy to assist.
Home
visits or an appointment in a ground floor room can be arranged please
ask about this when making an appointment
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