Managing wealth and protecting assets
Trust strategies can be useful to protect your assets and can also help with the movement of wealth from one generation to the next.
A trust is a structure used as part of a tax planning strategy to give tax efficiencies and asset protection. This asset-protection strategy is used by many wealthy individuals.
A trust does not have any true owners but has an appointed controlling trustee.
Any asset owned by the trust cannot be taken from you as you are not the legal owner. Therefore any assets in the trust can’t be taken by creditors. However as the beneficiary you are still entitled to the assets and any income derived from the trusts holdings.
At Leenane Templeton we help look at the best trust strategy and type for your circumstances. We help with: