Trusts are legal entities that hold assets and are used to protect the interests of individuals, families and businesses.
Often Trusts are created to protect vulnerable people, perhaps the elderly or infirm or those with learning difficulties. In other cases the purpose is to ensure that capital can pass from one generation to the next without excessive taxation, while giving the Trustees flexibility to look after family members
Our Trusts team can explain when a Trust might be appropriate to your circumstances, and how to create a Trust during your lifetime or on death.
The Income Tax and Inheritance Tax regime applicable to Trusts will depend on the type of Trust that you set up. Our team can explain the tax implications, and assist with the preparation of Trust Accounts and Tax Returns.
Our Trust administration service is ongoing and may provide assistance for our clients and their families for several generations.
For further information on trusts and to find out how we can help you, please contact our Wills and Probate Team on 01279 755777 or get in touch with Peter King, Head of our Wills and Probate Team.