Tel: 01403 780 770

Building and protecting your wealth

To discuss your options, contact Dental & Medical Financial Services

TRUST PLANNING

We can guide you through the labyrinth and help you decide which type of trust is best suited to your purposes

Trusts are extremely useful wealth management and tax planning tools. They enable you to give away assets while retaining a degree of control of them, and the different types of trust allow for a considerable degree of flexibility in your planning.

When assets are left to beneficiaries as a direct lump payment, these assets are considered to be part of the beneficiary's estate, allowing risk of attack from future divorce settlements, creditors and taxation. So how can you ensure that your assets will reach your children, grandchildren and other relatives rather than ending up in the wrong hands?

With the strategic use of Trusts, Dental & Medical Financial Services can ensure that your chosen family and friends will benefit completely from the inheritance you want them to receive, as well as protecting your assets from the costs of long-term care.

Trusts are usually set up for one of the following reasons:

To hold assets on behalf of a child until they reach the age of 18. Doing so allows for the property or money to be properly managed until the children are old enough legally to take possession of it. Some types of trust allow the beneficiary to receive an income from the property
To reduce the Inheritance Tax liability. Putting assets into trusts can, in some cases, reduce or even eliminate the inheritance tax liability for that asset; it can also help to keep the value of the estate within the nil-rate band
To provide for your spouse while keeping the estate intact to be passed to your children
To protect the family home from being sold in order to pay for residential care

To find out more about how a trust could work in your specific circumstances, contact Dental & Medical Financial Services today.
Taxation & Trusts

Tax Planning



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Dental and Medical Financial Services Limited is an appointed representative of Best Practice IFA Group Limited, which is authorised and regulated by the Financial Conduct Authority. Company registered in England no. 9158580 Registered office: 1 Market Square, Horsham, West Sussex, RH12 1EU

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