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Murray Beith Murray is a leading Scottish private client law firm.

For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Call us today on 0131 225 1200
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Benefits of using a Family Protection Trust to provide for your family

Peter Shand

If you are looking to provide for your family after you have passed away, you may have considered a type of trust - often referred to as a ‘Family Protection Trust’ or ‘Asset Protection Trust’. As these terms suggest, these types of trusts are designed to protect your family wealth from a variety of different circumstances. While setting up a trust is not right for everyone, it can provide a broad range of benefits under the right circumstances. In this article, we look at some of the protections a trust might afford your assets and your future family wealth.

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Trustees - Your questions answered


If you are considering setting up a trust in Scotland, we understand that you may have some questions. Trusts can be a useful means of protecting family wealth, providing for loved ones, and mitigating your inheritance tax liability. However, it is important you understand how to choose trustees, and that those trustees understand their obligations. This article provides an overview of some questions about trustees in Scotland. 

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What is a 'Family Protection Trust' (or an 'Asset Protection Trust')? And is it right for me?

Fraser Scott

We are approached regularly by new clients asking us to have a look over trust arrangements which have been set up their behalf, with the help of a former legal advisor. This is frequently in connection with trusts that are branded as ‘Family Protection Trusts’ (or ‘Asset Protection Trusts’). Here are some of the questions we are most commonly asked:-

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Setting up a trust for a vulnerable person

andrew

People choose to set up trusts for a wide variety of reasons, but if you have a vulnerable person in your life, we understand that you may wish to protect them and provide for them in some specific way. One such way is to set up a vulnerable person’s trust, which can provide both financial and administrative support. This area of the law can be complicated, but in this article, we aim to provide an overview of why you might want to set up a vulnerable person’s trust, what a vulnerable person’s trust is and the process for setting up such a trust. 

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Should you set up a trust?

andrew

Setting up a trust is one of the most tried and tested methods for protecting assets. It can be an important wealth management tool and critical element in prudent succession planning.

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