Trusts and Estate Planning

Our Private Client solicitors at Asher Prior Bates in Essex, Colchester headed by Peter Herriott who is highly skilled at estate planning and wealth management and will help make sure the right people benefit from your estate, at the right time and in the most efficient way.

We understand the term ‘wealth’ means different things to different people and also that most of us have worked very hard to achieve what we have. We therefore want to ensure our assets are used how we wish.

This may be done with a view to minimising inheritance tax, protecting assets from others and to keeping wealth within the family. There are a number of tools we use to help do this, including Wills, Trusts and Lifetime Gifts.

Trusts
The circumstances and lifestyles of the people we would most like to benefit from our estates, sometimes means that giving them sums of money or other assets outright would not be sensible or to their advantage. The use of trusts in these circumstances can establish a fund to provide for them, but allowing the trustees to retain control of their assets.

Estate Planning
Laws are continually changing on inheritance tax thresholds and issues around care of the elderly and how that care should be paid for. We can advise on how these laws affect you and how to minimise potential tax bills, so that more of your estate ends up with your chosen beneficiaries and not with un-­wanted parties. The cost of funding care for the elderly is a concern for many people and is an area on which we are happy to advise. Whilst most people do not go into care, it can be very expensive if you do and is best to be planned for in advance.

For further information about our services or to discuss a particular situation, please contact Peter Herriott on
01206 768331 or by email to pherriott@apblaw.co.uk