Trust Department
The trust department looks after:
- Family trusts set up during life, or on death under a Will, to look after the interests of family members
- Estates of deceased individuals
- Charitable trusts
Trusts may be set up for a number of reasons including:
- Wealth preservation
- Tax
- The ability to pass assets out of one’s estate during lifetime, whilst retaining some control
- Philanthropic
The services we provide in the trust department include:
- Preparation of trust annual tax returns
- Preparation of inheritance tax returns
- Bookkeeping
- Preparation of trust accounts
- Preparation of annual returns (for charities)
- Planning and advice
- Liaising with stockbrokers and arranging distributions to beneficiaries
It is often helpful to have a professional trustee/executor to act with family members. In many cases a partner of the firm will act as that professional trustee or executor.
