Property / Family Trusts

In certain circumstances it can make sense to consider looking at setting up a Property / Family Trust.

A Trust is a legal arrangement where one or more people (the trustees) are made legally responsible for assets. The assets are placed in trust for the beneficiaries and the trustees are responsible for managing the trust and carrying out the wishes of the person who has put the assets into the trust.

ELM can help set up a Trusts for different reasons such as

Family Property trusts

* for Estate planning purposes

* the beneficiary is too young to inherit

* the beneficiary is infirm and unable to manage the assets themselves

* to protect assets for eventual beneficiaries