*Covid-19 Update*

In the interests of our staff, their families and the wider community Braidwoods will be closing for business at 12 Noon on 24th March 2020 until further notice.

Please call 07860770692 (Mon, Tues) and 07719520870 (Wed, Thurs, Fri) and leave a voicemail if you have an enquiry which is an emergency.

The situation will be reviewed in the coming weeks as further advice is made available by the UK and Scottish Governments.

We hope that everyone stays safe and well and we look forward to seeing you when we re-open.

Best wishes from all at Braidwoods.

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Trusts

Family Trusts

Although it may seem an old fashioned idea to have a Trust, Trusts can be very useful to clients, not only in the context of planning for taxation but also to create flexibility and protection for beneficiaries.

 

What you need to know

Trusts can be established while alive and for a relatively wealthy older client the advantage of setting up a Trust during lifetime can be a retention of a degree of control over the asset or assets while seeking to make provision for possibly grandchildren or favoured charities.

Trusts are also potentially appropriate where there are disabled beneficiaries and such Trusts under the Finance Act of 2006 benefit from special treatment for taxation purposes.

We are happy to advise clients who have an interest in establishing a Trust either during their lifetime or after death. The latter type of Trust is created through the Will.

 

Here to Help

Please get in touch for further information.

 
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