Did you know that trusts can be very effective estate planning tools?

A trust can be a highly effective estate planning tool, providing benefits such as protecting inheritances for minors, and minimizing or even avoiding estate duty tax, capital gains tax, and more.

At Lucas Estate Management Groups, we assist you in setting up and administering your trust, tailored to your unique needs and objectives.

We believe that establishing a trust is just the start of our journey together, where we work with you to ensure that you maximize the value of your hard-earned capital.

The main reasons for setting up trusts:

• To protect the inheritance of a minor beneficiary in a deceased estate.
• To ring-fence the inheritance of a specific beneficiary in a deceased estate.
• To make provision for maintenance for a specific person.
• To minimise or avoid estate duty tax and capital gains tax as well as related estate costs.
• To ensure smooth and effective business continuity.
• To protect assets against third party creditors.
• To protect a spendthrift beneficiary from him or herself.