Do I need to establish a Trust? Do I still need the Trust I have?
We often get asked these questions by our clients. And the answer, as it so often is, is “it depends”. It depends on why you want it. Then it depends on the balance between the advantages and the disadvantages to you.
The principal purpose of a Trust is to set assets aside to protect them from a variety of people and organisations such as:
- Relationship Partners
- Asset and Income tested benefits and assistance
Protection from family members and organisations tend to be emotive reasons that vary from person to person.