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Trusts
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
Contact us to find out what we can do to help
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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