Trusts & executorships
Trusts are potentially very useful tools when dealing with tax matters. Some instances in which they can be used are:
- Holding shares in private companies as part of a family financial or tax plan, especially if you want to reduce inheritance tax liability in your estate
- Providing funds for children’s education
- Restricting access to property by future beneficiaries
- Providing for people who are mentally or otherwise incapacitated
- Gifting to charity
However, trusts can be complex to understand and use efficiently. We can help you decide if a trust is appropriate, and if so what type it should be. We can then prepare the necessary documentation and advise on appropriate trustees.
