Advice from Trust administration specialists
Trusts are designed to protect assets for yourself or a chosen beneficiary. Our dedicated trust administration team know how to protect and maximise a trust’s potential.
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Trusts are still very useful structures for anyone looking to protect assets.
They offer flexibility and protection in a way which other structures cannot.
For young or vulnerable beneficiaries they offer a vehicle in which funds can be invested and managed for their benefit without them having access to capital which they may not be ready or able to manage.
They can also offer some protection in matrimonial breakdown situations and so can be helpful for anybody who is looking to finically assist, but also needs certain assurances about how the assets may also be protected in the event of a relationship breakdown.
We can also help clients to navigate other possible options such as outright gifts or the establishment of a family investment company.
We have a dedicated trust administration team who deal with all the compliance issues including arranging and running annual trustee meetings, preparing minutes and accounts. As well as file tax returns.
We have partners and associates who frequently establish these vehicles, whether in lifetime or under Wills. We can deal with it from start to finish, including all tax advice, or can work with other professionals as necessary, providing only the legal advice.
Other reasons why someone may wish to set up a trust:
This might be to prevent children getting money too soon, to help with grandchildren’s school fees.
To assist a vulnerable person – whether ‘disabled’ under the tax legislation or for other reasons without jeopardising entitlement to means tested benefits.
Those who want to put life insurance, death-in-service benefits or pension death benefits into trust so as to mitigate an IHT liability on death and to ensure funds pass in a sensible and tax efficient manner
Non-domiciled individuals who are keen to establish an excluded property trust before they become UK dom/residents.
Business owners looking to put in place planning pre-sale by putting shares into trust to lock in business property relief.
Our tax and trusts, and related, services
How we can help to protect you and your loved ones