Private Client

Trust And Taxes

(FAQs)

The trust is a creation of the English legal system of equity, originally used by families as a way of safeguarding capital for use by future generations, while still allowing family members to benefit from the income. Trusts are now widely used in tax planning, particularly to reduce the impact of inheritance tax. They are also a convenient vehicle for commercial purposes. Our trusts specialists can assist in achieving these objectives.

Our trusts and tax services include:

  • advice on lifetime settlements, including Accumulation and Maintenance Trusts and Discretionary Trusts, their formation and administration, merits and disadvantages
  • advice on tax in connection with the setting up of trusts, and the mitigation of Inheritance Tax, Capital Gains Tax and Income Tax
  • advice on whether a trust should be created offshore or within this country
  • administration of trusts
  • assistance with routine personal tax affairs, including the annual preparation of tax returns

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