June 19th, 2017
We’ll help you formulate a more tax efficient plan when bestowing a financial gift to your loved ones, quickly and easily – through Absolute Trusts
At this very moment, we know that you may be thinking how do I choose the right type of Trust to safe guard my assets whenever gifting them to my children, grand children or partner.
If you are certain about who you wish to benefit from the Trust, forgo some flexibility and just aim for the guarantee. This might be time to trust a tried and tested method? Absolute Trusts, also known as a Bare Trust.
First you need to consider that if we set up an Absolute Trust for you, your beneficiaries cannot be changed.
The money inside this absolute trust cannot ever be claimed back by you and can be demanded by the beneficiaries at age 18 or 16 in Scotland.