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.

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.

News

06 Sep 2013

Braidwoods are pleased to announce that they have recently become the first Firm in the south west of Scotland to join the group of independent Solicitors known as Soli

05 Sep 2012

Have a look at our fantastic rental properties in Dumfries and Galloway  here.

05 Sep 2012

Braidwoods are pleased to be taking part in the September 2013 Will Relief Scotland Campaign.  This has now become an annual event and is not to be confused with t