Trust Services
What is a Hybrid Trust?
A Hybrid Trust combines elements of both discretionary and fixed trusts, offering flexibility and control over the distribution of assets based on changing needs and circumstances. This type of trust is ideal for individuals who want to maintain some level of control while also providing beneficiaries with structured financial support.
Key Feature:
- Flexibility: Allows for adjustments in asset distribution according to the changing needs of beneficiaries.
- Control: Maintains a balance between settlor control and beneficiary support.
- Customisation: Provides tailored solutions to meet specific financial goals and requirements.
- Asset Protection: Shields assets from creditors and potential legal claims.
Benefits of a Hybrid Trust
Adaptability
The trust can be adjusted to reflect the evolving needs and circumstances of beneficiaries.
Structured Support
Combines the benefits of discretionary and fixed trusts to provide both flexibility and stability.
Asset Protection
Protects assets from creditors and legal claims, ensuring they are preserved for the beneficiaries.
When to Consider a Hybrid Trust:
Changing Beneficiary Needs
Ideal for individuals who anticipate changing needs and circumstances for their beneficiaries.
Balanced Control
Suitable for those who want to maintain some control over asset distribution while providing structured support.
Complex Financial Situations
Beneficial for individuals with complex estate planning needs that require both flexibility and stability.
Steps to Establish a Hybrid Trust:
Consultation
Discuss your unique needs and goals with our experienced trust lawyers.
Trust Setup
Establish the trust and transfer assets to the trustee.
Trust Administration
Manage the trust according to the settlor’s instructions, ensuring the assets are used as intended.
Ongoing Support
Provide continuous support to ensure the trust remains effective and adapts to any changes in circumstances or the law.
Common Questions:
Legal Considerations:
Flexible Asset Management for Changing Needs
Secure Your Legacy with a Hybrid Trust
A Hybrid Trust offers the perfect balance between control and adaptability. Whether your circumstances change or your beneficiaries' needs evolve, this trust ensures that your assets are managed according to your wishes while offering flexibility for the future. Protect your legacy with structured financial support and safeguard your assets from legal claims. Start your journey towards tailored legacy planning today.
Other Trust Services
Insurance Trust
Hybrid Trust
Private Trust
Secure Trust
Saving Trust
Corporate Trust
