Trusts

The concept of a trust is straightforward enough, but the legal and tax rules surrounding them are complex. It is vital to be guided through this complexity by a suitably qualified and experienced professional so that the correct type of trust vehicle is selected for your situation and objectives and the trust documents are drafted correctly.

Our expertise

Partner, Head of Private Client

Shona Brown

Partner

Karen Phillips

Senior Associate and Chartered Tax Adviser

Margaret Ross

Tax Manager

Jim McMahon

Law Accountant

Gillian McNeish

Reasons why you may wish to set up a Trust as part of your estate planning

To protect funds for the benefit of someone who is vulnerable and cannot manage their own money
To set aside a fund outside your personal estate for the benefit of grandchildren or other family members
To ring-fence a substantial personal injury compensation award and protect your entitlement to state benefits
To defer a decision on how to distribute an inheritance or windfall while retaining access to the funds should you need them
To protect funds from the reach of people you consider to be undesirable
To use trusts as part of a legitimate tax planning strategy

Legal and tax rules of Trust

We have considerable expertise in this area and are well placed to advise on:

Creating a trust
Trust management
Taxation of trusts
Trust accounting
Advice to trustees
Advice to beneficiaries

Administration - taking the burden off you

Once the Trust is established, our dedicated Trusts Management team can take on much of the administrative burden on behalf of the trustees, such as:

Record keeping and documentation
Financial reporting
Dealing with investment managers
Dealing with HMRC

We provide clear advice and reports to the trustees so that they can carry out their role successfully without it becoming a worry and inconvenience.

Trusts

Our expertise

Reasons why you may wish to set up a Trust as part of your estate planning

Legal and tax rules of Trust

Administration - taking the burden off you

Let us help you