In defence of the trust: Guy Abrahams writes for IFA Magazine
Private Client partner, Guy Abrahams' article entitled 'In defence of the trust' was published in IFA Magazine.
In the article Guy explains why trusts remain a vital wealth planning tool despite often being the target of media vilification, and of ever more governmental regulation. Guy explains the differences between life interest trusts, discretionary trusts and the potential alternative; family investment companies (FICs). He argues that trusts, in combination with FICs or otherwise, should be regarded as a vital and legitimate tool by anyone seeking to advise on matters of succession.
From growing a business to starting a family or handing over control of that business to the next generation, every individual has their own goals to aspire to. Our Private Wealth lawyers advise our clients throughout this family life cycle, providing the legal advice required for specific transactions such as purchasing a home or selling a business, whilst also advising on the long-term opportunities for succession and estate planning.