Trusts & executorships
Trusts are relatively easy and very tax efficient ways to set aside assets for future beneficiaries outside of the inheritance tax net.
They are particularly useful for holding shares in private companies as part of a family financial or tax plan - especially if you want to reduce inheritance tax liability in your estate.
They can also be useful for:
- Restricting access to property by future beneficiaries
- Providing for people who are mentally or otherwise incapacitated
- Gifting to charity
There are four main types of trust:
- Life interest trusts
- Discretionary trusts
- Accumulation and maintenance trusts
- Bare trusts
Each type of trust receives different tax treatment and can be adapted to many different purposes.
To take full advantage of trusts in your tax and estate planning you need to receive expert help and advice.
We can help you determine which types of trust are suited to your purposes, prepare the necessary tax documentation, and advise on appropriate trustees.
Call 020 8427 2757 today to discuss how you can take advantage of this extremely useful tax planning tool.
Require more information?
If you would like more information or would like to speak to us direct then call us on 020 8427 2757. Or if you would prefer, ask us a question online.