“Trusts offer flexible, tax efficient structures to pass on or protect the family wealth for the long term.”
Helen Starkie, Partner & Head of Wealth Management
Although the 2006 Budget appeared to be the death knell for the trust industry, following the passing of the Finance Act 2006 trusts are still alive and well, and will continue to be a tax planning and assets preservation vehicle for an even wider range of people.
Whether you are seeking to set up a trust in your lifetime, or you are the trustee of a trust and need to understand your obligations, or you are a beneficiary and need to know your rights, our experienced team can help guide you through the issues. Consisting of solicitors, members of the Society of Trust and Estate Practitioners and a member of the Association of Taxation Technician, our team has a wealth of experience regarding the creation, administration and termination of:
- discretionary trusts
- accumulation and maintenance trusts and the issues that arise out of the Finance Act 2006
- life interest or interest in possession trusts
- will trusts or trusts that arise under the intestacy provisions
- trusts for pension and life assurance death benefits
- asset preservation trusts created for your self or others
- trusts for the disabled and vulnerable beneficiaries
- special needs or personal injury trusts
Whatever the structure of the trust concerned, we can advise on inheritance tax, capital gains tax and income tax compliance issues that arise at any time during the lifetime of the trust, ensuring the trustees are up to date with their compliance. We can also assist beneficiaries regarding their own tax issues which arise out of their entitlements.
The team has also set up and manages a number of private charitable trusts.