Trusts may be used in a number of circumstances and, with careful planning, can be used to protect family assets.
Trusts may also be used to transfer assets between generations and to protect family wealth from misfortune such as divorce and business failure. We work with local solicitors to provide help in setting up trusts.
Trusts are regularly used during the tax planning process to help manage and mitigate potential tax liabilities. As qualified professionals we often undertake this type of tax planning on behalf of clients.
We also prepare trust accounts and tax returns on behalf of clients.