Trusts (UK & International)
Expert advice to support asset succession in the most efficient manner
There can be times when giving assets to people outright may not be the most appropriate thing to do – perhaps the intended beneficiary is too young, the person may not be good with money, or they might have health or addiction problems, for example.
This is where a Trust can be useful, allowing you to benefit others without giving them direct control.
Trusts provide the opportunity to plan how wealth should pass from one generation to another, with the flexibility to change those plans if circumstances alter over time.
They can take effect either during someone’s lifetime or on their death, and the type of trust will depend on how the Trust Fund is to be distributed.
Our people, your team
We will support you in the preparation of Trusts (UK & International), as well as advising on wider estate planning issues -from inheritance tax (IHT) and succession planning to powers of attorney.
We can also draw upon the expertise of the wider Jurit team to provide specialist tax advice and support with Court of Protection matters relating to mental capacity issues and Court of Protection deputyship.
How we help
At Jurit, we advise on the whole lifecycle of a Trust – from setting one up, to winding it up, and all the associated tax consideration in between.
There can be several benefits in utilising a Trust, from a tax-efficient means of passing down assets through the generations, to commercial situations where you may want to give dividends from a family business to someone, without apportioning them a vote in the business.
We will sit down with you to understand what it is that you want to achieve, as well as gaining an understanding of your family and commercial situation.
Our lawyers will then provide advice on the best way to achieve your aims using a Trust – if that is the right approach to meet your needs.
If it isn’t, we will provide you advice on how to achieve your objectives in the most efficient way.
Contact usOur services include:
- Advice on appropriate type of Trust
- Advice on taxation of Trusts
- Advice on obligations and regulatory requirements of Trusts
- Preparation of Deeds of Trust
- Tax health checks for Trustees of existing Trusts
- Trust disputes
- Trust registration service
- Winding up of Trusts and associated tax advice
