Trusts can be extremely effective tools in addressing a variety of specific circumstances.

Inheritance Tax
It is often said that it seems unfair to work hard all your life to build wealth, only to see a large portion of it disappear into the treasury.  One method of mitigating Inheritance Tax (IHT) is to use certain investment products in association with specific trusts.  Some of these have immediate tax benefits while, for others, tax benefits take longer to come into effect.  With an appropriately established trust fund, you choose who will benefit from your estate – your family or the Chancellor of the Exchequer.

Probate Delays
When a family suffers the loss of a parent, the emotional trauma is clearly unavoidable.  However, if your financial affairs are not established correctly and life assurance payments are subject to probate delays, the financial implications can be disastrous for your family.  By combining your life assurance with a suitable trust deed you can avoid these unnecessary delays and ensure that your family will have the financial resources for their immediate and medium-term needs.

Privacy & Secrecy
While held in confidence until death, after death a will becomes a public document. The use of a trust offers you a private and confidential alternative to provide benefits and pass assets to your family or friends.

The Right Trust
There are numerous types of trusts, each with its own array of benefits.  Choosing the right type of trust deed can give you the benefits you need, along with the flexibility to change trustees, change beneficiaries, retain control of your estate and mitigate IHT.
Setting up trust funds requires specialised advice.  Robert Magee and Associates Ltd have created many trust funds for private clients, totalling millions of pounds. Our staff has the necessary skill, expertise and experience to ensure that you have the right trust for your particular needs. As one of the first IFAs in the UK to be certified by STEP (The Society of Trust and Estate Practitioners) Robert Magee holds the  International Trust Management Certificate and is therefore able to help international clients to set up trust funds.