The aim when setting up a Trust is to preserve your family wealth. One reason for setting up a Trust could be to mitigate a tax liability. There are, however, a variety of other reasons, such as passing wealth down the generations and ensuring that it is passed to your chosen beneficiaries.
Any asset can be put into trust. Trusts are useful as part of a family’s ongoing financial planning and may be particularly beneficial when family members live abroad.
We have a wealth of experience setting up and administering all types of Trusts, including planning for distributions of both capital and income. Our investment team can monitor a Trust’s performance and provide advice on the assets held within it to ensure that these are fully tax efficient.
We can arrange to set up offshore Trusts to shelter long term gains from tax. We also prepare all UK Tax Returns needed for onshore and offshore Trusts, and prepare annual accounts when these are required. Where appropriate we will deal with beneficiaries’ tax repayment claims.
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