Trusts
One of the most effective ways of controlling the succession of assets and reducing tax liabilities is to establish a trust.
We can advise on what type of trust structure is most suitable, when and if it is appropriate to establish a trust and how long it is beneficial to maintain it.
A Trust can:
- Mitigate
- Protect a family business
- Defer children's inheritance until a specified age
- Make charitable donations
- Control the distribution of assets over time
We can:
- Establish new charitable trusts
- Administer the trust
- Appoint trustees
- Distribute funds
- Prepare income tax returns
- Advise existing trustees on their powers and responsibilities including monitoring investment advice and performance under the Trustee Act 2000
- Ensure compliance with all Charity Commission requirements
- Advise on tax efficient gifts to charity
Related services
Contested wills, trusts and estates
If you are unhappy about the provisions of a trust - for example, if you believe you have been unfairly excluded or left without reasonable financial provision - there are steps you can take.
The Michelmores Contested Wills, Trusts and Estates Team has an excellent reputation for settling complex issues connected with trusts, probate and wills. See our contested wills, trusts and estates pages for further information.
