Trusts Lawyers in Glasgow
Trusts can be used as part of estate planning to protect your wealth in the future. Our Wills and Estate Planning Team are on hand to provide straightforward, pragmatic advice on the setting up and managing of trusts. We can work alongside other professionals where appropriate, to ensure that your financial objectives are effectively pursued.
Our Trusts Solicitors are hard-working, approachable and take a client-centric approach. We have many years of experience advising a diverse range of clients throughout the West of Scotland on protecting their assets for future generations, whatever their requirements.
Setting Up and Managing Trusts
There is a range of reasons why setting up a trust may be a sensible option when it comes to estate planning. This will often be done when someone wishes to leave money or property to young or vulnerable beneficiaries who would otherwise be unable to manage a large inheritance. A trust can be used to hold these assets until the beneficiary reaches adulthood, or in perpetuity if necessary. A trust can also be used to reduce Inheritance Tax liability or to protect assets from prospective creditors.
Trustees will be appointed as the legal owners of the assets that are held in trust. They will be responsible for managing the trust’s assets and complying with the wishes of the person who set up the trust.