• Contact us
  • About us
  • Digital edition
  • Online archive
Monday, June 2, 2025
Cumberland and Westmorland Herald
  • News
    Multiple fire crews tackle roof fire in Crosby Ravensworth

    Multiple fire crews tackle roof fire in Crosby Ravensworth

    Free domestic abuse support drop-in service launches in Penrith

    Free domestic abuse support drop-in service launches in Penrith

    Penrith bar relaunched with vibrant events planned

    Penrith bar relaunched with vibrant events planned

    Penrith Beacon access closed after vandalism

    Penrith Beacon access closed after vandalism

    Fire crews spend six hours tackling blaze at timber firm’s headquarters

    Fire crews spend six hours tackling blaze at timber firm’s headquarters

    £15 million luxury care home plans for Penrith

    £15 million luxury care home plans for Penrith

    Changes to business rates

    Changes to business rates

    Tesco Express opens doors in Penrith

    Tesco Express opens doors in Penrith

    Nursing award for Penrith’s Fay Dudson

    Nursing award for Penrith’s Fay Dudson

  • Sport
    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

    New boss revealed for Penrith AFC

    New boss revealed for Penrith AFC

    Penrith Panthers celebrate winning season

    Penrith Panthers celebrate winning season

    Darren Edmondson leaves Penrith AFC

    Darren Edmondson leaves Penrith AFC

    Lucy plays key role in county T20 triumph

    Lucy plays key role in county T20 triumph

    Gold for Keith in annual festival of orienteering

    Gold for Keith in annual festival of orienteering

    Cumberland and Westmorland wrestlers head to European championships

    Cumberland and Westmorland wrestlers head to European championships

    Kirkby Stephen Hockey Club win league title

    Kirkby Stephen Hockey Club win league title

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
  • News
    Multiple fire crews tackle roof fire in Crosby Ravensworth

    Multiple fire crews tackle roof fire in Crosby Ravensworth

    Free domestic abuse support drop-in service launches in Penrith

    Free domestic abuse support drop-in service launches in Penrith

    Penrith bar relaunched with vibrant events planned

    Penrith bar relaunched with vibrant events planned

    Penrith Beacon access closed after vandalism

    Penrith Beacon access closed after vandalism

    Fire crews spend six hours tackling blaze at timber firm’s headquarters

    Fire crews spend six hours tackling blaze at timber firm’s headquarters

    £15 million luxury care home plans for Penrith

    £15 million luxury care home plans for Penrith

    Changes to business rates

    Changes to business rates

    Tesco Express opens doors in Penrith

    Tesco Express opens doors in Penrith

    Nursing award for Penrith’s Fay Dudson

    Nursing award for Penrith’s Fay Dudson

  • Sport
    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

    New boss revealed for Penrith AFC

    New boss revealed for Penrith AFC

    Penrith Panthers celebrate winning season

    Penrith Panthers celebrate winning season

    Darren Edmondson leaves Penrith AFC

    Darren Edmondson leaves Penrith AFC

    Lucy plays key role in county T20 triumph

    Lucy plays key role in county T20 triumph

    Gold for Keith in annual festival of orienteering

    Gold for Keith in annual festival of orienteering

    Cumberland and Westmorland wrestlers head to European championships

    Cumberland and Westmorland wrestlers head to European championships

    Kirkby Stephen Hockey Club win league title

    Kirkby Stephen Hockey Club win league title

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
No Result
View All Result
Home Sponsored
This article appears as part of a paid partnership with Burnetts

Has the bank of mum and dad been called upon again? Now is the time to take some ‘trust’ worthy advice

by CWH
25 March 2021
in Sponsored
A A
Share on FacebookShare on Twitter

Since the beginning of the coronavirus pandemic, the financial position for many has become increasingly difficult.

Understandably, this has resulted in family members needing support – enter the bank of mum and dad.

A recent report by SAGA notes that 21 per cent of over-50s with children over the age of 18 have increased the level of financial support they have had to provide since the start of the pandemic.

Did those families know the process might have more effectively been achieved if they had taken time to consider investing in a trust?

Whilst trusts were once considered only for the wealthy and landed, they are an incredibly useful tool in enabling families to support one another.

Many of us need to consider the costs involved for our nearest and dearest to go to university, to purchase a property or to invest in a business.

Trusts can be an excellent vehicle to protect family assets and inherited wealth for the next generation.

When used appropriately, they may also be used to help mitigate inheritance tax.

If set up in the correct way, trusts can be very useful for families from any background to protect family assets and handle finances for the future.

They can then be effective and managed easily in the long term, proving to be a valuable instrument to meet the various needs of each family.

In many ways, trusts are an integral part of the legal system in England and Wales.

They are certainly not something to be feared, but with careful and considered advice, we at Burnetts can help you to manage your family wealth for your family needs.

We all want to know that the bank of mum and dad will be there for generations to come.

If you would like to know more about setting up a trust, please contact us and a member of our trusts team will be happy to assist.

Contact Emma Baker on 01768 800855 or Rachael Stephenson on 01228 552222 for more information.

Related Posts

Changes to business rates
Expert advice

Changes to business rates

25 May 2025
Turning 75: the impact on tax-free cash, pension tax relief and death benefits
Expert advice

Turning 75: the impact on tax-free cash, pension tax relief and death benefits

18 May 2025
Overlooked elements that define great outdoor projects
Sponsored

Overlooked elements that define great outdoor projects

14 May 2025
Updates to Making Tax Digital for Income Tax
Expert advice

Updates to Making Tax Digital for Income Tax

29 April 2025
Further measures to close the tax compliance gap
Expert advice

Further measures to close the tax compliance gap

15 April 2025
Fighting ‘the family farm tax’ with good financial planning
Expert advice

Fighting ‘the family farm tax’ with good financial planning

8 April 2025
No Result
View All Result

Stay connected

Facebook Twitter Instagram

Most popular

Penrith Beacon access closed after vandalism

Penrith Beacon access closed after vandalism

30 May 2025
Penrith bar relaunched with vibrant events planned

Penrith bar relaunched with vibrant events planned

30 May 2025
Free domestic abuse support drop-in service launches in Penrith

Free domestic abuse support drop-in service launches in Penrith

30 May 2025
Fire crews spend six hours tackling blaze at timber firm’s headquarters

Fire crews spend six hours tackling blaze at timber firm’s headquarters

29 May 2025
Multiple fire crews tackle roof fire in Crosby Ravensworth

Multiple fire crews tackle roof fire in Crosby Ravensworth

30 May 2025
Penrith teen crowned British vault champion

Penrith teen crowned British vault champion

30 May 2025
Cumberland and Westmorland Herald Logo

33 Middlegate
Penrith
Cumbria
CA11 7SY

Phone: 01768 862313
Email: news@cwherald.com

Registered in England as Barrnon Media Limited. No: 12475190
VAT registration number: 343486488

Explore

  • News
  • Sport
  • Farming
  • Property
  • Obituaries
  • Nostalgia
  • Your view

Useful links

  • Contact us
  • Photosales
  • Online archive
  • Buy your paper
  • Digital edition
  • North Lakes Living
  • Advertise
  • About us

Follow us on

© Barrnon Media Limited 2020

Terms & Conditions / Privacy Policy / Cookie Policy

This website and its associated newspaper are members of the Independent Press Standards Organisation
IPSO Logo
Review Your Cart
0
Discount
Add Coupon Code
Subtotal
Total Installment Payments
Bundle Discount
Checkout

 
0
No Result
View All Result
  • Home
  • News
  • Sport
  • Obituaries
  • Nostalgia
  • Online archive
  • more
    • North Lakes Living
    • Buy Photos
    • Buy your paper
    • About us
    • Contact us

© 2020 Cumberland & Westmorland Herald