Put simply‚ a Trust is a legal relationship where one person holds property for the benefit of another. They are intended to ensure that a beneficiary’s assets are protected; for instance when the intended recipient is too young‚ too spendthrift or unable to manage the assets themselves.
In the correct circumstances‚ a Trust can also play a significant role in your financial affairs. For example‚ it can affect the payment of Inheritance Tax‚ Income Tax‚ Capital Gains Tax and Stamp Duty.
Our team is very experienced in the preparation and administration of Trusts. This may involve preparing annual tax returns, trust accounts and maintaining relationships with financial advisers and accountants. With the correct advice and arrangements‚ we can help you save and protect your assets.