Trusts frequently provide the tools to facilitate a smooth transition between generations, and they can also be used to mitigate inheritance tax and other taxes.
They can also offer significant asset protection opportunities, enabling you to retain a much greater degree of control than with an outright gift.
Trusts, however, don’t need to be about control. They are an excellent way of empowering the next generation to take on the sometimes onerous responsibilities which come with wealth.
We have significant expertise in all aspects of the creation, variation and termination of trusts.
Without the right support, trust administration can be a complicated task. We can assist with all the relevant aspects, ensuring the tax affairs of the trust are correct and fully up-to date, and that the trustees are fully compliant with their duties and responsibilities.
We frequently act as professional trustee, enabling us to deliver an independent third party view on trust and family discussions for:
- Succession and tax planning with trusts
- Ongoing administration & structural issues