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Trusts & Trust Funds For People in The North East

What is a Trust exactly? Originating from the time of the Crusades, Trust were set up by wealthy landowners (Maybe even young Lambton?) to ensure their affairs were managed by a Trusted person whilst they were away. Unfortunately many did not return! However, they had the peace of mind that their estate would be passed on or divided according to their wishes: thanks to their foresight in setting up a Trust.

Trust Funds: Only for the Rich? Not so Today.

Different types of trusts are widely used to protect, guide and provide for those whom we care about both here in the North East and further away from home. As life has in general become more complex, so too have the original Trusts evolved to match new needs and head off potential injustices and loss.
From Family Trusts to Gift Trusts or a Protective Property Trust, you will find Enigma’s Trust Law knowledge and guidance, based close by you, here in the North East; is supportive and easily accessible.

Who Can YOU Protect by Providing a Trust Fund?

  • Spouse
  • Partner
  • Children, step-children and Grandchildren
  • Disabled Relatives
  • Second marriage – life interest in family home
  • Charities – leave guidance in the use of a donation
  • Assist in providing for Care Home Fees
  • Protect against loss of assets to your beneficiaries through divorce, re-marriage or bankruptcy
  • Gifting to children- deposit for a house? Guard against loss in divorce/separation
  • As part of effective Estate Planning

Two key areas of Trusts exist today as they did in the times of old – Trusts during lifetime and Trusts set-up on death. There are many types of Trusts and is important to seek professional advice on which is relevant to your needs and situation.

For more information and guidance on how Setting up a trust can benefit you and those you care about please contact us and we will be happy to run through the options with YOU.

Do you have questions about:

  • What is a Trust Fund?
  • Setting up a Trust?
  • Gifting to a family member during your lifetime?
  • Discretionary Trusts?
  • Who can be a Trustee?
  • Settlor interested Trusts?
  • Paying for education of a minor?
  • Property Portfolio Trusts?

Don’t be confused by all of the jargon call Enigma Wills & Trusts for clear trustworthy advice.