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A trust can protect the ownership of your assets while you are alive and for future generations.

People usually set up a family trust to get some benefit from no longer personally owning an asset. A family trust may be useful to:

  • Protecting selected assets against claims and creditors.  For example to protect your family home from the potential failure of a business venture.
  • Setting aside money for special reasons, such as a child or grandchild’s education.
  • Ensuring your children, not their partners, keep their inheritances.
  • Avoiding unwanted claims on your estate when you die such as from a former partner or estranged child.

At The Law Shop we are very experienced in establishing and maintaining trusts.  The first thing we do is check whether a trust is the best option for you and your situation by offering a free half hour meeting.

If you choose to form a trust we will provide you with a complete asset plan including Wills, Memorandum of Wishes and Deeds of Delegation.

We can then discuss what assets should be owned by your trust and consult with your other professional advisers (accountant, banker, insurance broker) to ensure you get the right structure for your circumstances. We'll attend to the transfer of the assets to the trust and carry out your gifting (annually or in one lump sum).

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