NGA Solicitors Burnley

Trusts

NGA Solicitors Wills, Probate & Trusts

A Trust is a form of asset management whereby an asset is placed in a trust to benefit another person; a trustee will manage the trust on behalf of the beneficiaries named within the trust.

Typically trusts are set up to benefit family members; trustees are also often family members but can also be people in a professional capacity.

Trusts can be set up whilst you are still alive or following your death with a Wills Trust.

Trusts are used for several reasons including:-

  • Asset management
  • Control and/or management of family assets and money
  • To pass on assets and wealth
  • Tax Planning
  • To protect assets on behalf of those either too young or those incapable to managing their own affairs.
  • Following receipt of a large windfall

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