Rollingsons

TRUSTS

A Trust Deed is a legal arrangement which transfers property including shares and money to Trustees or a Trust Company to administer for the benefit of those named in the Deed or Will. Trusts can be set up during a person’s lifetime or after death through a persons Will and this can be a great way of managing and protecting assets now and to minimise Inheritance Tax on death.

Property transferred into a trust is taxed independently for income tax, capital gains tax and inheritance tax purposes and is separate from an individual’s personal estate.

Reasons for setting up a trust may be:-

To provide for family now and in the future

To provide effective tax planning especially in reducing the risk of Inheritance Tax

To provide a benefit to a person or person but to ensure that they do not have full and unrestricted access

Our Private Client team at Rollingsons can provide full advice and assistance in setting up the most appropriate trust for your particular needs. Our expertise and knowledge allows us to act as Trustees upon setting up a trust or in the event that you wish us to take over and administer existing matters.

For further assistance please contact  Gareth Hughes, Head of our Private Client Department on 0207 611 4848 or by e-mail at ghughes@rollingsons.co.uk to arrange a consultation.