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The concept of a trust is straightforward enough, but the legal and tax rules surrounding them are complex. It is vital to be guided through this complexity by a suitably qualified and experienced professional so that the correct type of trust vehicle is selected for your situation and objectives and the trust documents are drafted correctly.

Setting up a Trust

Reasons why you may wish to set up a Trust as part of your estate planning:

  • To protect funds for the benefit of someone who is vulnerable and cannot manage their own money
  • To set aside a fund outside your personal estate for the benefit of grandchildren or other family members
  • To ring-fence a substantial personal injury compensation award and protect your entitlement to state benefits
  • To defer a decision on how to distribute an inheritance or windfall while retaining access to the funds should you need them
  • To protect funds from the reach of people you consider to be undesirable
  • To use trusts as part of a legitimate tax planning strategy

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Legal and tax rules of Trust

We have considerable expertise in this area and are well placed to advise on:

  • Creating a trust
  • Trust management
  • Taxation of trusts
  • Trust accounting
  • Advice to trustees
  • Advice to beneficiaries

Let us help you

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Administration - taking the burden off you

Once the Trust is established, our dedicated Trusts Management team can take on much of the administrative burden on behalf of the trustees, such as:

  • Record keeping and documentation
  • Financial reporting
  • Dealing with investment managers
  • Dealing with HMRC

We provide clear advice and reports to the trustees so that they can carry out their role successfully without it becoming a worry and inconvenience.

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