These trusts benefit more than one person and the trustees are given the power to make decisions as to how and when those people benefit. They are useful where the creator of the trust (the settlor) has identified a group of people who he or she wishes to benefit, children for example, but is not certain which of them will require financial help in the future. The settlor can, therefore, provide a degree of financial security for their family and protect the family wealth via a discretionary trust. A discretionary trust has lots of practical and financial benefits:
- it can control when money and property will be paid out. This can ensure children and/or disabled and vulnerable people receive some financial support from the trust fund but do not have full access to it. This is particularly helpful if an adult child divorces or is irresponsible with money;
- monies and property paid into a discretionary trust created during the settlor’s lifetime can be paid to the right beneficiaries quickly without the need to obtain probate; &
- discretionary trusts can be used to ensure that money paid out from a life policy does not form part of the deceased’s estate for inheritance tax purposes.
A discretionary trust can offer parents and grandparents peace of mind as regards to the financial well-being of future generations of their families.
For anything further, one of our specialists would be delighted to meet you either in our office or in your own home to talk through your requirements and answer any questions. Please contact us at any time.
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20 years. Thousands of ideas. Countless improvements to health and care across the North East and North Cumbria.
We`re proud to sponsor the 20th Bright Ideas in Health Awards — a true milestone for a programme that`s shone a light on innovation since 2003.
Got a bright idea? Entries close 11:59pm, Friday 27 November 2026.
🔗 https://brightideasinhealth.org.uk/
#BIHA20
Oct 9
We were proud to sponsor the first ever CBIT`s Got Talent in Sheffield, raising £9,258 for the Child Brain Injury Trust.
Thank you to co-sponsor Maggie Sargent & Associates, the performers, and everyone who came along. Plans are already under way for an encore next yea👏
Read more - https://tinyurl.com/ynbswynf
#CBITsGotTalent #ChildBrainInjuryTrust #Sheffield #Fundraising #BrainInjury #CharityEvent
Oct 9
Think you know your stuff? Join Sintons` Trainees for our Fundraising Quiz Night at Shearer`s Bar, St James` Park on 12th Nov.
Quiz, raffle & games, all in aid of @stoswaldsuk and our Trainee Challenge.
🎟️ £12.50pp or £70 per table of 6.
#SintonsTrainees #QuizNight #Newcastle #StOswaldsHospice
Oct 8
Employment Law E-Bulletin 104 is out:
🔷Individuals can be liable for failure to make reasonable adjustments
🔷Vicarious liability doesn`t transfer under TUPE
🔷Govt response on union rights statement duty
https://tinyurl.com/2v3mc2u7
#EmploymentLaw #HR #TUPE
Oct 8
The Building Safety Levy is now in force for certain residential projects in England, but standard form contracts like JCT D&B 2024 don`t yet deal with it.
Are your contracts ready? Make sure they cover who provides the levy information and who pays.
https://tinyurl.com/2p9pbscv
#BuildingSafetyLevy #Construction #BuildingSafety #ConstructionLaw #Contracts
Oct 7
Join us on 11th November for our seminar: When Trauma Shapes the Narrative – understanding and working with PTSD
We`ll look at how PTSD develops after significant trauma, its impact on rehabilitation in a medico-legal context, and evidence-based treatments including Trauma Focused CBT and EMDR.
Led by Craig Thompson, CBT Therapist at Talking House North East, and Barry Lehane RGN, LLM., Case Manager at Empowering U
📍 Sintons, The Cube, Newcastle
🕓 Arrival 4.00pm | Seminar 4.30pm
Book your place - https://tinyurl.com/zd3tk254
Nicki Waugh hashtag#PTSD hashtag#Trauma hashtag#EMDR hashtag#Newcastle
Oct 7
