Trusts can be used as a tax minimisation strategy as they could provide shared income for family members, minimise the risk of creditors making a claim against the assets and place valuable assets out of the direct control of individuals at risk of making poor decisions that may affect a number of stakeholders involved.
At Sterling Stamp, we:
- Draft and review trusts to ensure compliance with financial and trust-related legal requirements
- Advice your accountant to make suitable arrangements
- Structure your trust to shield from claims being made under family law or debt recovery proceedings
- Ensure that any trusts created in your lifetime or by will is administered effectively, guarantee your own and your trustees’ tax compliance obligations to HM Revenue & Customs are discharged correctly.