Trusts can provide a tax efficient way to set aside assets for future beneficiaries as well as ensuring assets pass to named beneficiaries or protecting some elements of wealth from divorce claims.
They are also particularly useful for holding shares in private companies as part of a family financial or tax plan especially if you want to reduce inheritance tax liability in your estate.
In addition to the above, trusts can be used for:
- Gifting to charity.
- Providing for people who are incapacitated.
- Providing funds for your children’s education, maintenance, etc.
- Restricting access to property by future errant beneficiaries.
We can advise on the most suitable type of trust for your purpose, set up your trust, and provide a full range of related accounting, taxation and investment services.