What are Trusts and when do we use them?
An essential tool in estate planning and wealth management, they are legal arrangements where one person, known as the trustee, holds and manages assets on behalf of another person, the beneficiary.
- Protecting assets from creditors
- Minimising taxes – including Inheritance Tax and Capital Gains Tax
- Providing for future generations
Our services
At Dafferns, we offer a comprehensive range of services to our clients, including:
- Creation and management
- Advice regarding structuring the trust to meet your specific needs and goals
- Managing trust assets effectively
- Ongoing administration and compliance
- Managing and distributing income and principal
- Calculation of the 10 year anniversary and exit charges for relevant property trusts
- Preparation of IHT 100 forms
- Registration and update of the Trust register on behalf of trustees
- Ensuring compliance with legal and tax requirements
- Taxation advice regarding your trust
- Distribution planning
- Capital gains tax mitigation
- IHT planning
- Winding up the trust
Why choose Dafferns?
Expertise and experience
Trusts are complex, but our team at Dafferns has the knowledge and experience to ensure your trust is structured and managed properly.
Guidance and advice
- Types of trusts: We can help you determine which types are most appropriate for your situation.
- Tax implications: Our team can navigate the complexities of gift and estate taxes, developing strategies to minimise your tax liability.
Peace of mind
By working with us, you can have confidence that your trust is managed in accordance with all applicable laws and regulations, providing you with peace of mind.
Benefits of Trusts
- Protection and management of assets: Can safeguard your assets and ensure they are distributed according to your wishes.
- Tax efficiency: Properly structured they can reduce your tax burden.
- Long-term planning: Ideal for providing for future generations and securing your family’s financial future.
