Trusts

Trusts can ensure succession of wealth during the settlors lifetime and thereafter. They can be established in lifetime or on death where provisions are included within a will. There are various reasons when and why trusts would be established, including asset protection, holding assets for minor beneficiaries or simply utilising reliefs which are available under current tax legislation.

Trust planning can be complex, but need not be complicated when you put your trust in us to guide you through the process.

We can help with:

• establishing a trust
• advising on the use of IHT reliefs to transfer assets into trust efficiently
• making distributions from trusts and the IHT position and reporting of such events
• incorporating a trust within a FIC structure
• all aspects of compliance, including annual accounts and tax returns and IHT returns
• ending a trust when it is no longer fit for purpose or no longer deemed needed by the trustees
• reviewing and advising on offshore trusts and the anticipated changes suggested by a new government