Setting up a trust is the recommended course of action in a variety of scenarios. Commonly used for inheritance tax (IHT) and succession planning, trusts can also provide for the young and immature, or the elderly, disabled and vulnerable. Further, trusts are used to protect compensation payments, if, say, you are due to receive a personal injury settlement.
Trust in our approach
Highly experienced, our team is happy to advise on all manner of trusts, and the many ways in which tax can impact on them. In addition to IHT, capital gains tax and income tax need to be considered and we can provide straightforward, practical, yet sensitive advice to ensure our clients understand the tax implications and how best to act. In terms of property ownership, we’re also well versed on Declarations of Trust.
Creating, administering and terminating
For friendly, expert advice on creating, administering and terminating a trust, please feel free to contact us.