Trust
Trust Set up
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Client Services
As a wills & probate specialist accountant, setting up trusts will involve an all-rounded process that refers to the unique circumstances of each client. Upon detailed consultation, this means sitting with the client and understanding his objectives, financial situation, and goals pertaining to estate planning. I use this information to advise clients concerning the type of trust that would most appropriately fulfill their needs, whether that is a revocable living trust, an irrevocable trust, a testamentary trust, a charitable trust, or a special needs trust.
I assist clients in drafting the trust deed or agreement once the type of trust is identified. What is put down on paper reflects clearly with their intention and is jogged free of any legal lacuna. These include key provisions, such as appointment of trustees, identification of the beneficiaries, specification of trust assets, distribution terms, and all other relevant provisions.
In establishment of the trust, I will assist clients in funding the trust, which may involve transferring assets such as cash, real estate, investments, or business interests into the name of the trust. I will provide full advice on the implications of transferring assets with regard to taxation, asset protection strategies, and potential avoidance of probate benefits.
In the course of setting up trusts, I always emphasize clear communication and support throughout to ensure that clients are well aware of the implications of setting up a trust and are fully confident in their decision. I use my deep knowledge of estate planning, tax law, and probate matters to help clients make informed choices aligned with their long-term financial goals and objectives.