Most people have heard of Trusts but may not know exactly how these play a part in day to day life. A Trust is an arrangement where somebody is placed in a position of responsibility to look after assets on behalf of another or others.
Trusts offer flexible, tax efficient structures to pass on or protect the family wealth to benefit your family and dependents in the most beneficial way. However, the rules and regulations effecting a Trust can be complicated and at first seem overwhelming and we provide specialist advice on how to help you through the law and tax rules surrounding Trusts.
We have the expertise in setting up, administering, varying and terminating all different types of Trusts and every member of our team is accredited by the Society of Trusts Estate Practitioners (STEP).
There are circumstances where it can be essential to have an impartial professional trustee and we are also able to offer this role to ensure that any issues that could cause disagreement between beneficiaries and family trustees, have the benefit of an independent party with experience and qualifications in dealing with such matters.
We can offer advice and assistance in a flexible and bespoke way, either undertaking specific tasks to assist the trustees in their duties or providing the full range of services to ensure that each aspect of the creation and administration of a Trust is covered including:
- Advising you on the range of Trusts available;
- Drafting Trust deeds;
- Chairing Trustees meetings;
- Drafting Trust accounts;
- Completing Trust tax returns;
- Drafting deeds to complete the transfer of Trust assets;
- Assisting in the change of trustees;
- Reviewing and advising on trustees powers and duties.
If you would like to find out more about Trusts, please speak to a member of our team.
You can also read more about how we can help by downloading our Trusts leaflet
Job Title: Associate
Phone: 0161 475 7689