Trust funds can be an effective way to take assets out of estates to avoid Inheritance Tax, to hold standalone and/or to pass assets down the generations when beneficiaries come of age.
They may also be an effective way to avoid future family feuds and to ensure assets reach their intended destination.
Trusts can be complex and expensive to set up so it is vital proper advice is taken from an accountant, lawyer and IFA.
360’s team of tax specialists can implement tax planning and asset protection through the medium of trusts. We are also able to deal with all areas of routine accounting and tax compliance, as well as the day-to-day administration.
If you would like to discuss this possibility further, please feel free to give us a call.