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What is a Discretionary Trust?
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Flexibility: Trustees have the discretion to allocate assets based on changing circumstances.
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Protection: Protects assets from creditors and potential misuse by beneficiaries.
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Tax Planning: Can be used to minimize estate and inheritance taxes.
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Control: Allows you to provide detailed instructions and guidelines for trustees, ensuring that your wishes are followed while adapting to changing circumstances.
Benefits of Discretionary Trusts:
How can Poppy Legal Help?
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Setting Up the Trust
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Legal Documentation
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Ongoing Trust Management
Discretionary trusts provide a flexible way to manage and protect your assets for future generations. Poppy Legal offers expert advice and services in setting up and managing discretionary trusts.
A discretionary trust allows trustees to decide how to distribute income and capital from the trust among the beneficiaries. This flexibility can be beneficial in various estate planning scenarios.
Practical Applications:
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Family Wealth Management: Ideal for families who want to provide for multiple generations, ensuring that assets are managed and distributed according to the evolving needs of the family.
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Special Needs Planning: Suitable for providing financial support to beneficiaries with special needs without affecting their entitlement to means-tested state benefits.
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Business Succession: Can be used to manage the succession of family businesses, ensuring that the business continues to operate smoothly while providing for family members.
Flexible Estate Planning with Discretionary Trusts
Discretionary Trusts
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With our vast experience in estate planning, we aim to be able to answer all your questions in a way that everyone will understand.
Frequently Asked Questions
All the information you need about us and the important products you should be considering – all in one simple, easy to understand guide. understand.
We take pride in our company ethos and the services we provide. Make the right choice. Choose Poppy Legal to help you grow and protect your assets.
Get Your Free Guide
About Us
Frequently Asked Questions
Get Your Free Guide
With our vast experience in estate planning, we aim to be able to answer all your questions in a way that everyone will understand.
All the information you need about us and the important products you should be considering – all in one simple, easy to understand guide. understand.
About Us
We take pride in our company ethos and the services we provide. Make the right choice. Choose Honey to help you grow and protect your assets.