Most people would think that Trust Funds are only for extremely wealthy families and their children who will one day inherit their wealth. However, this is a common misconception – there are many reasons why a Trust Fund can be beneficial, regardless of the size of your estate.
A Trust Fund can be used for a number of different things, such as providing for your children’s university fees, a way to hand down property, or as a way to hand down other inheritance and assets. Trust Funds can be a great way to provide financial security for your loved ones.
Setting up a Trust Fund is a really smart piece of Estate Planning, which can protect your legacy now and in the future. In fact, a Trust Fund can help with the following:
· Potentially reducing inheritance tax in the future
· Protecting loved ones with special needs
· Protection from bankruptcy and creditors
· Protection from divorce
· Protection from marriage after first death
A Trust Fund doesn’t have to be complicated or expensive to set up, and you don’t need millions in the bank for it to benefit your loved ones. You just need a desire to protect your family and to want to set them up for the future.
Contact us now for more information on Trust Funds and how you can use them to help provide for your loved ones.