Trusts & executorships
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Finding the best ways to set aside assets for your friends and family is important, especially when you consider the impact of inheritance tax.
This is why making use of trusts is a good idea, not only are they outside of the inheritance tax net but they also provide peace of mind. Knowing your assets are well managed for their beneficiaries will help you rest easy.
Experts at P B Syddall can help you choose the suitable trusts needed, so you can decide how to distribute your property, possessions and money.
This ties in nicely to the preparation of your will. If you don’t have a will the Government takes it upon itself to decide how your assets are divided. It’s certain this won’t be the way you would choose.
If you don’t have a will and you’re unmarried and have no close relations your estate will go to the Crown. After a lifetime of paying taxes, the last thing you want is for everything to be handed back to the taxman.
Appointing an executor to your trusts will mean they’re carefully looked after, and when the time comes they’ll be distributed fairly.
Get in touch to find out more.
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