For many people, Trusts can seem very complicated. We take the time to understand what you are trying to achieve and whether a Trust will help you to achieve your aims. We’ll then explain (in plain English) how the Trust will work.
We routinely advise on the following areas:
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Creation of a Trust and advising on the tax implications of doing so
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Ensuring all tax reliefs are claimed on transfer of assets into Trust
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Registering the Trust with the tax authorities
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Advising on Trusts for those who cannot look after themselves
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Completion of annual tax returns for the Trust
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Completion of Trust accounts for Trustee approval
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Advising on tax efficient distributions to beneficiaries
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Tax planning in advance of a ten-year anniversary
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Advising on the inheritance tax position of 10 year anniversaries or where capital is removed from the Trust
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Completion of all inheritance tax forms in relation to Trust events
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A general review of the Trust to ensure that it continues to be effective
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Advice on the most tax efficient way to wind up a Trust
We would be happy to explain the different types of Trusts available to you, but also whether a Trust is right for your circumstances.
To see how we helped one family wind up a Trust, read our Trusts Case Study.
You may be an existing Trustee looking for a proactive adviser, in which case, please contact us for a free no obligation meeting. During this meeting we would discuss our Trust review; a review that will help you fulfil your trustee duties, meet all reporting obligations and optimise any tax planning opportunities.