Disclaimer

PLEASE NOTE: THIS DISCLAIMER IS WRITTEN IN PLAIN UNDERSTANDABLE TERMS WITHOUT THE USE OF COMPLICATED LEGAL SPEAK OR JARGON, SO THAT IT IS FULLY UNDERSTANDABLE BY THE AVERAGE LAYPERSON.

DISCLAIMER:

WHEN CONSIDERING SETTING UP A FAMILY TRUST, WHETHER IT BE A DICRETIONARY TRUST OR AN INHERITANCE TAX COMPATIBLE TRUST, PLEASE BE ADVISED THAT IT IS HIGHLY RECOMMENDED THAT YOU SEEK INDEPENDENT PROFESSIONAL ADVICE ON THE FOLLOWING TOPICS RELATIVE TO YOUR OWN AND YOUR INTENDED BENEFICIARIES SITUATIONS:

  1. PERSONAL TAXATION, CAPITAL GAINS TAXATION AND INHERITANCE TAXATION: AS ALL PEOPLE`S FINANCIAL SITUATIONS ARE DIFFERENT YOU SHOULD SEEK ADVICE FROM A SUITABLY QUALIFIED, EXPERIENCED AND REGULATED ACCOUNTANCY FIRM. SUCH ADVICE SHOULD BE SOUGHT FOR YOURSELVES AS SETTLORS AND FOR THE INTENDED BENEFICIARIES.
  2. 2. INVESTMENT DECISIONS: WHEN YOU INTEND TO SETTLE MONIES INTO YOUR TRUST, TO BE INVESTED IN FINANCIAL INSTRUMENTS, A SUITABLY QUALIFIED, EXPERIENCED AND REGULATED FINANCIAL ADVISOR SHOULD BE CONSULTED IN CONJUNCTION WITH YOUR TAXATION ADVISORS. AGAIN SUCH ADVICE SHOULD BE SOUGHT FOR YOURSELVES AS SETTLORS AND FOR THE INTENDED BENEFICIARIES.
  3. 3. LEGAL ISSUES: WHERE YOU FEEL THERE MAY BE LEGAL ISSUES TO BE ADDRESSED, YOU SHOULD SEEK ADVICE FROM A SUITABLY QUALIFIED, EXPERIENCED AND REGULATED LAW FIRM. SUCH ISSUES MIGHT INCLUDE MARITAL/DIVORCE MATTERS, BANKRUPTCY/INSOLVENCY MATTERS, BLOODLINE MATTERS, CAPACITY ISSUES OR SUBSTANCE ABUSE MATTERS OF BOTH YOURSELVES AS SETTLORS AND THE INTENDED BENEFICIARIES.
  4. PROFESSIONAL TRUSTEES: IF YOU FEEL THAT THE ASSETS TO BE SETTLED INTO TRUST MAY BE CONSIDERABLE, HAVE POSSIBLE COMPLICATIONS, OR HAVE UNUSUAL CHARACTERISTICS, YOU SHOULD CONSIDER APPOINTING PROFESSIONAL TRUSTEES. SUCH TRUSTEES WILL CHARGE FOR THEIR SERVICES.

PLEASE UNDERSTAND THAT: NEITHER WIRRAL ESTATE PLANNING NOR OUR ADVISING/ASSOCIATED BARRISTER FIRMS CAN ADVISE YOU ON THE ABOVE FOREGOING ISSUES EITHER BEFORE OR AFTER THE CREATION AND EXECUTION OF YOUR TRUST AND CANNOT BE HELD LIABLE FOR ANY LOSSES INCURRED OR LITIGATION MATTERS ARISING DURING THE LIFE OF THE TRUST.

IT IS INCUMBENT UPON THE TRUSTEES OF YOUR TRUST TO ACT AT ALL TIMES IN ACCORDANCE WITH THE TRUST ACT 1925 AND ALL SUBSEQUENT ENACTMENTS/LEGISLATION PURSUANT TO THAT ACT.

COPYRIGHT: WIRRAL ESTATE PLANNING 2017.