When a personal guarantee has to be given in order to give a lender the security it needs, the guarantor hopes that the guarantee will never be called in. However, when it is, the loss suffered by the guarantor will normally qualify as a loss for Capital...
What is a Trust?
A Trust is a legal arrangement where one or more people designated by you are made legally responsible for the holding and management of assets on behalf of a beneficiary or beneficiaries, according to the terms of a Trust deed or Will.
Common reasons to make a Trust
- To protect loved ones who are young or vulnerable
- To protect and/or maintain control over assets such as property
- To minimise Tax paid on death
- To protect assets being left to children from the effects of the Divorce Laws or the re-marriage of a wife or husband after their death
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