Manchester Personal Trusts
Manchester Personal Trusts are generally used by our clients to protect their biggest asset, their own home. Why? Well, they want to ensure they can own it until they die and then pass it on to the family, without cost or delay. The risks that they face in doing so can be mitigated using Manchester Personal Trusts.
Some reasons for setting up Manchester Personal Trusts include:
- A spouse re-marrying after your death.
- Bankruptcy of you or a beneficiary.
- A recipient who is dependent upon state benefits, these would stop if they inherited funds from your family home outside of a trust.
- The cost and delay of probate after your death. The house would pass immediately upon your death.
Our Manchester financial advisers will take time to talk to you about your wishes for your assets (estate) when you die. By looking at your family tree and talking about the relationships that already exist, our Manchester IFA and Manchester estate planning advisors will talk you through all the pitfalls that may happen and which type of trust you should choose based upon your individual circumstances.
Manchester Personal Trusts Law is complicated and there is no one size fits all solution to people’s circumstances.Thinking about who should inherit and how they inherit upon your death is key to getting the right trust for you.
If you answer yes to any of these questions, then a trust may be suitable for you:
I would not like my family to pay Inheritance Tax unnecessarily. I would not want to place unnecessary burden and further costs on my family. I would not want my family to lose my wealth to pay for my care fees?
