Our Private Client team can give you specialist advice on all aspects relating to Wills and Estates.
Trust law is a complicated area of law, which many people do not fully understand. Many clients simply do not consider the benefits of having a Trust in place when they are planning their Will and how their Estate will be managed after their death.
However, establishing a Trust can be a very important step in protecting and preserving assets for future generations, and may be beneficial to you and your family. To begin the process, of setting up a Trust, with one of our experienced lawyers, call us today on 01292 281711 or complete our online enquiry form and one of our team will be back in touch with you.
The McKinstry Company – Serving Ayrshire & Dumfries and Galloway for Over 30 Years.
Setting up a Trust can be a useful way of making sure that your estate benefits those you want to inherit. For example, you could set aside specific assets for the benefit of your grandchildren. You could be very specific and require that this money is used towards their education, for example, which would allow you to have an ongoing impact on their lives even when you are no longer here.
If you are considering setting up a Trust, it is important that you consider what is involved in this process. You will need to be clear on what assets you want to fall inside the trust, who you would like the Trustees to be, and how you would like the assets to be used – and, perhaps most importantly, for the benefit of whom.
We have extensive experience in setting up trusts, as well as managing the day to day administration. We can help you in the preparation of the Trust Deed, which could potentially sit alongside your Will. We can advise you on the responsibilities the Trustees will assume and ensure that your assets are looked after in the manner you wish. We can also offer insight into the tax treatment of trusts and help you understand the financial pros and cons of this decision.
While a Trust is not the right solution for every family, we believe they can offer a degree of control for those who seek it. We will discuss your options with you and make sure that we find the solution that is right for you and your family.
Get in Touch
At The McKinstry Company, we put our clients at the heart of our work. As a firm, we never lose sight of the importance of the client and the outcome which the client seeks from us.
Our goal is to generate and maintain strong and lasting client relationships rather than a transactional approach to the work which we undertake. We are a law firm for life and will work with you as your family and finances change, to ensure that you receive the best possible legal advice.
If you want to learn more about trust law, get in touch today. You can contact us today on 01292 281711 or via our online contact form. Our friendly and dedicated team are here to help you.
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