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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 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.

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.

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