A Deed of Assignment of Shareholders Trust is a legally binding document that transfers ownership of shares in a company from one person to another. This type of assignment can be useful in estate planning, particularly for those looking to minimise their Inheritance Tax (IHT) liability and protect their assets from care home fees.

By assigning ownership of shares in a trust to another individual, you may be able to reduce the value of your estate for IHT purposes. This is because trusts are treated differently for IHT purposes, and by transferring ownership of the shares to another individual, you may be able to reduce your exposure to IHT.

Similarly, by assigning ownership of shares to a trust, an individual may be able to protect their assets from being used to pay for care home fees. This is because assets held in trust are typically not taken into account when determining an individual’s financial assets and liabilities for care home fee purposes.

Our service provides comprehensive support in relation to Deed of Assignment of Shareholders Trust. We can assist you in the preparation of the Deed, ensuring that it is drafted in accordance with the relevant legal requirements and meets your specific requirements. We can also provide guidance and advice throughout the process, to help ensure that your estate planning objectives are achieved.