Trusts and Estates Tax
Trustees hold assets in trust for the benefit of other people.
The idea is to prevent the beneficiaries from accessing the assets at an inappropriate time, whether this is due to concerns over age, divorce or bankruptcy.
Our team regularly advises clients on the setting up of trusts for both protection and tax reasons, as well as acting as trustees on their behalf.
With careful structuring, we ensure trust assets are placed out HRMC's reach. Trusts have significant tax benefits, as assets within them are not part of your estate for Inheritance Tax purposes.
Trusts can also be used to utilise personal allowances and the lower rate tax bands of minors, so income can be received tax free.
The benefits of this service are:
- Careful structuring of trusts provides asset protection and tax saving.
- Expert advice on running trusts and trustee management service.
- Trusts are often the best way to help children on to the property ladder.
- Certain trusts allow settlors to access funds as well.
You may also find these service areas of interest:
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