Trusts & executorships

Trusts are useful for tax planning and useful for holding shares in private companies as part of a family financial or tax plan. This is especially relevant if you want to reduce inheritance tax liability in your estate.

Additionally, they can also be useful for:

  • Providing funds for your children's education, maintenance, etc.
  • Restricting access to property by future beneficiaries
  • Providing for people who are mentally or otherwise incapacitated
  • Gifting to charity

There are four main types of trust:

  1. Life interest trusts
  2. Discretionary trusts
  3. Accumulation and maintenance trusts
  4. Bare trusts

We can help you identify which types of trust is suited to your suituation, prepare the documentation, and advise on appropriate trustees.

Contact us today to discuss how you can take advantage of this extremely useful tax planning tool.