UK family trusts offer a way of looking after assets (money, investments or property) for people who may not be ready or able to manage them themselves. They can also help ensure that your assets are passed on in the way you wish during your lifetime and/or after you die.

Aspect8 arrange several types of UK family trusts. These include interest in possession trusts, discretionary trusts, trusts for beneficiaries who are disabled or who are aged under 18 and have lost a parent – and others.

Her Majesty’s Revenue and Customs seem determined to close every loop hole the moment it is discovered - even retrospectively! In March 2006, more anti-avoidance legislation was introduced and we saw a major change in the taxation of most types of trust.

We firmly believe that with careful planning and the ability to think outside the box, any potential tax liability can be significantly reduced or even negated altogether. We have a wealth of experience in all aspects of estate planning, which ranges from a simple nil rate band discretionary will trust, to more aggressive trusts and all the main inheritance tax mitigation schemes.