Trust
What is a Trust
Our Exclusive Private
Client Services
Basically, a trust is a concept in law that establishes the handling of specific property with the advantages for the beneficiary. It is, in other words, a remedy to protect assets from some unwanted situations, and it gives personal control over how one’s wealth is distributed during and after death.
Our team of trust specialists takes up a rather forceful attitude towards the structuring of clients’ assets using trusts. Whether it involves setting up a trust or management of ongoing structures or adjustments to changes in the facts of beneficiaries, we provide full support and guidance.
These services of our firm include advice on the formation and administration of trusts, their compliance with applicable legislation, and optimization of tax efficiency. We assist clients in finding out the most suitable trust structure for their needs, taking into account aspects such as asset protection, taxation implications, and succession planning.
This means that we can provide ongoing support to both the trustee and the beneficiaries in any trust administration issue and ensure distributions are within the bounds of the settlor’s intent and applicable law.
With our expertise, bespoke solutions, and proactive attitude and approach, we empower clients to make the right decisions regarding the wealth in relation to trusts and help them achieve their long-term financial goals. Whether you think of establishing a trust for the first time or are searching for advice on how to run an existing one, the entirety of our team is ready to offer support to our customers.
- Advice in relation to foreign entities such as anstalts and foundations
- Calculating stockpiled Capital Gains Tax pools
- Dealing with UK tax returns, including income tax or inheritance tax ten-year charges
- Assistance with ATED returns – Annual Tax on Enveloped Dwellings
- Support regarding how to use HMRC’s Trust Registration Service
- Preparation of tax returns for beneficiaries to report trust distributions and ensure they are taxed correctly