I had been thinking of setting up a new trust for future IP purchases, since some time ago there was discussion on the extra protection of having multiple cells, trusts or whatever. However recently I'm feeling since the beneficiaries, Co. trustee directors and shareholders would be the same there may actually be little or no extra protection, while bringing extra cost and care, I may not bother.
There was also a rather small discussion on the merits of using seperate trusts for shares and IP. So I'm curious about the number of trusts used by forumites. I've kept it fairly simple, asking on the prime purpose of having multiple trusts for those that do have them.
Thanks in advance guys.
There was also a rather small discussion on the merits of using seperate trusts for shares and IP. So I'm curious about the number of trusts used by forumites. I've kept it fairly simple, asking on the prime purpose of having multiple trusts for those that do have them.
Thanks in advance guys.