We advise our clients on suitable trust structures either for lifetime planning or upon death in a Will Trust.
Key reasons to set up a trust include:
- Looking after minor children to ensure they don’t inherit too early
- Making long term provision for children or relatives who are not capable to receive large gifts outright
- Preserving family wealth for future generations
- Tax efficiency
Key concerns include:
- Who should be Trustee
- Who has the power to hire/fire Trustees
- Investment decisions and how they are made
- The dilemna between tax planning and the need for protection
We can assist with:
- Creating lifetime or Will Trusts
- Advice over who should be Trustee
- Ongoing advice to Trustees
- Trust Compliance
- Amendments to Trust documentation and change of Trustees