Protect your wealth, and your wishes


Leaving gifts to family or friends is an important way to pass on your wealth to the ones you love and the causes you care about. But this isn’t always as straightforward as it seems. Estate planning (making a plan for your money, property and possessions - your ‘estate’ - while you are able to do so) is an effective way to make sure that your wishes are carried out as you want them to be. A trust is a legal way to hold your assets and protect them for the future. It’s a way to give you and your loved ones certainty that your wealth, and your wishes, are protected, whatever the future brings.

A trust is a legal way to hold assets (money, property and possessions) for the benefit of others without giving them immediate control over it.

It is an agreement between three parties; the ‘trustmaker’ (technically known as the ‘settlor’), the trustee and the beneficiaries. The settlor transfers ownership of certain assets into the trust, and the trustee(s) manage the assets on behalf of the beneficiaries.

A trust allows you to control bequests to your beneficiaries in terms of who receives what, and when, and is an extremely effective tool for managing inheritance tax.

Why are trusts created?

  • To protect an estate, particularly with regard to inheritance tax planning.
  • To plan the transfer of assets in a tax-efficient way.
  • To protect children who are too young to handle their own affairs.
  • To protect people of any age who can’t handle their affairs because they do not have the capacity to do so.
  • To minimise stress on your loved ones when you’re no longer there.

How can Aspect8 help?

The laws around trusts are complex, so it is vital that you choose the right type of trust structure and have it set up correctly. With changing legislation it’s also important to review any existing trusts and ensure that they are still looking after your families’ future effectively. Just as you planned it.

Aspect8 has been dealing with Trusts and Estate Planning since 1993. Our breadth of experience means we are well positioned to help you decide what’s right for you and your family. We can guide you through your options and will regularly review your plans to ensure that your family, friends and causes close to your heart benefit the way you’d like them to.

Explore the 8 aspects of successful financial planning

The guidance and/or advice contained within this website are subject to the UK regulatory regime, and are therefore targeted at consumers based in the UK. Aspect8 Ltd is a chartered member of Best Practice IFA Group Ltd which is authorised and regulated by the Financial Conduct Authority.Full details can be found on the FCA website, under reference number 227247.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit Ltd is registered in England, no. 07572431.