A discretionary family trust is a type of trust that provides for the distribution of trust assets to beneficiaries at the discretion of the trustee. It is commonly used in estate planning as a way to provide for the financial support of family members and to protect assets from creditors and lawsuits.

In a discretionary family trust, the trustee has the discretion to determine how much and when trust assets should be distributed to each beneficiary. This means that the trustee has the ability to make decisions about the distribution of assets based on the specific needs and circumstances of each beneficiary. The trustee may also choose not to make a distribution at all, which can be particularly useful if a beneficiary is unable to handle their own finances or is facing financial difficulty.

Our service can help you set up a discretionary family trust and guide you through the process of transferring your assets into the trust. We can also advise you on the most tax-efficient way to structure the trust, taking into account the tax implications for the beneficiaries and for the trust itself.

We can assist with the preparation of the trust documentation, including the trust deed and any accompanying letters of wishes. We can also provide guidance on the appointment of trustees and the role they play in administering the trust.