What can a trust do for you?

Trusts are a vehicle which can be used for a variety of reasons, including:

  • Helping to reduce the exposure to inheritance tax on one’s estate and thus enabling more of your estate to be passed down to future generations;
  • Protect family assets more so than if they were passed directly down to descendents;
  • Provide for beneficiaries who might be too young or vulnerable and would have difficulty dealing with financial matters themselves.

The flexibility available to those setting up trusts has made them a very popular method of wealth planning for centuries!

How can we help?

Trust manager, Luke Pickering, works within our specialist tax team, led by Richard Wolk, to provide a service to a variety of trusts in all shapes and sizes.

Set-up

We can assess how and if a trust is best suited to your circumstances and help you get everything up and running.  This can include advising on what assets to place in trust in order to maximise inheritance tax exemptions available to you while ensuring your aims and desires are kept at the forefront of all planning.

Administration

Our dedicated trust team can be as hands on as you require.  This could include preparing accounts and tax returns on an annual basis but also can comprise day-to-day administration including, but not limited to:

  • advising on and arranging income distributions to beneficiaries
  • liaising with stockbroker or wealth manager to ensure full capital gains tax exemptions are utilised
  • arranging payment of various invoices and tax liabilities
  • ensuring compliance with both UK and international regulations

Trustee services

The Director’s act as trustees on a number of trusts so you can be assured that they have a personal as well as professional commitment to ensuring the trust runs smoothly.

Tax

We will calculate and advise on income, capital gains and inheritance tax payable using our trust-specific software.  We shall advise on amounts payable and report these amounts to HM Revenue & Customs.

What can a trust do for you?

Watch our video below to find out more.

Thomas Coombs - the Yorkshire accountants. We take a no-nonsense approach.

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